27.03.2014 - Markets expect increased volatility on the yen

The price of USD/JPY indicates low volatility in recent days amid a lack important macro and anticipation of a large block of data on household expenditures, unemployment rate, consumer price index and retail sales in Japan, which will take place tonight at 23:30 GMT. Demand for Japanese yen recently was supported by fears of investors about tensions between Russia and the West, as well as the completion of the fiscal year in connection with which Japanese corporations return profits from their overseas offices. Despite this, we maintain a long-term positive outlook for the price of USD/JPY, in connection with ultrasoft monetary policy the Bank of Japan and the reduction of quantitative easing in the U.S.. The signals to buy will be price fixing above the level of 102.70.

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