26.09.2014 - The Japanese yen is likely to accelerate the growth soon

The price of USD/JPY continues to consolidate within a narrow channel 108,50-109,30. At the moment, it is traded near the level of 109.00, and for the continued growth it is needed to overcome the mark of 109.30. Nearest targets in case of further growth will be on the 110.00 and 111.00. The fall of is limited by the inclined support line. Today is possible the increased volatility due to the publication of data on GDP and consumer confidence index in the United States. We maintain a medium-term positive outlook for the USD/JPY and recommend holding long positions with a stop below 107.00.

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.