28.04.2016 - Price of USD/JPY sharply declined today

The price of USD/JPY showed a sharp decline after some time of consolidation above the important level 111.00. As a result, quotes reached a strong support at 108.00. Overcoming this level of support will be the basis for the continuation of the negative dynamics of prices with potential targets at 106.60 and 105.00. On the other hand, in the near future is likely the rebound of prices up to the nearest target at 109.75 and 111.00. Our medium-term outlook remains positive, despite the possible continuation of negative trends in the near future.

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