21.05.2014 - USD/JPY fell within the channel
The price of pair USD/JPY continued to decline within the local descending channel and reached the level of support at 100.90 and the lower boundary of the channel. The reason for the strengthening of yen was the decline of trade balance deficit of the country in April to 0.84 trillion. against the previous figure 1.63 trillion. We expect the upward rebound of price with the target at 101.40 and save medium and long term positive outlook for the USD/JPY.