27.05.2016 - Price of USD/JPY will likely show a strong movement
Price of USD/JPY continues to consolidate near the important level of 109.75. Fixing of price below this level after breaking the inclined support line will be the basis for the continuation of negative dynamics to 108.00 and 106.60. In case of resumption of growth, the following targets will be 111.00 and 112.15. Our medium-term outlook remains positive with growth potential by 7-9% in the medium term and we expect increased volatility in the near future.