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.

RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange ("Forex"), Contracts for Difference ("CFDs"), Indices, Options, or other financial derivatives, on "margin" carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full "Risk Disclosure" and "Risk Disclosures for Financial Instruments & Investment Services". FXFINPRO Capital is the trading name of PFX Financial Professionals Limited, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840 and regulated by the Cyprus Securities and Exchange Commission with license number 193/13.