Today, the price volatility of the Japanese yen rose significantly. Thus, was published weak data on the trade balance of the country, which showed exports decline for 11 consecutive month, indicating the negative in the economy. In addition, the Bank of Japan has not lowered its key interest rate and kept it at the level of -0.1%. On the other hand, in the country's central bank said that they will keep interest rates near zero for the next 10 years, and the program of quantitative easing with the current volume of purchases by 80 trillion yen will continue until reaching the target rate of inflation of 2.0%. We maintain our medium-term negative outlook on the yen and wait for strong movements today after the Fed's statement on monetary policy.