26.01.2015 - The Japanese yen weakened today
The price of USD/JPY rebounded from the lower limit of the corridor 117,40-119,00. At the moment, quotes continue to grow and we expect that in the near future will reach the levels 118,90-119,00. To continue to grow with the objectives of 120.00 and 120.75, the price must be fixed above 119.00. In case of reduction and breaking through the support at 117.40, we should expect the continuation of reduction of price to 116.00. We maintain a positive medium-term outlook and forecast increased volatility on Wednesday after the Fed statement on monetary policy.