30.01.2014- The yen is expecting the release of macro statistics
The price of USD/JPY has dipped below the strong level - 102.50. In case of consolidation below this mark, we expect the price to reach the support located at 101.60. In case of growth within the local downstream channel, the first goal will be the level 103.00. Further price movement of the currency pair will depend on the macroeconomic data on Japan, which will be published tomorrow night.
Today we should pay attention to the data on GDP growth in the U.S. (13:30 GMT).