29.07.2014 - Rising unemployment has led to the decline of the yen

The price of USD/JPY rose on weak data on unemployment in Japan, which rose unexpectedly to 3.7% vs. the forecast of 3.5% and retail sales, which has fallen by 0.6% versus the expected decline of 0.4%. From a technical standpoint, the price has fixed above the level of 101.70 and after consolidation continued the growth, which is a confirmation of a buy signal. We recommend holding long positions with the targets 102.20 and 102.70. Medium-term outlook remains positive.

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.