25.07.2014 - We expect growth of USD/JPY
The price of USD/JPY after yesterday's strengthening of the dollar against positive data on the U.S. labor market, has overcome and has fixed above 101.70. This situation is a confirmation of a buy signal with the objectives of 102.20 and 102.70. We recommend to open long positions with a stop below 101.60. Medium term outlook also remains positive.