29.06.2016 - The Japanese yen continues to fall

The price of the yen continues to steadily devaluate against the US dollar on the background of a number of factors, the main of which are the unduly strong growth amid increased demand for protective assets, which in the near future will likely continue to decline against the background of improving expectations regarding the growth of the global economy, and also due to the probable increase of the Fed’s interest rates at the next meeting of the American regulator, which will lead to an increase of the dollar. We expect growth of quotations of USD/JPY in the near future with potential targets at 117.00, 118.80 and 121.50.

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