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Expert's opinion from FXFinPro

We forecast the growth of USD/JPY

Rise in oil prices after a strong decline and restoration of positions on world stock markets led to a decline in demand for defensive assets, which have led to a drop in the price of the Japanese yen. In addition, the negative trend was intensified by speculation regarding a possible strengthening of measures to support the growth of inflation in the country. According to our forecasts, the USD/JPY recovery will continue in the near future and medium term, with the immediate objectives at 120.20, 121.50 and 122.30. We recommend accumulating long positions on the pair.


More detailed analytics you can see at our site https://fxfinpro.com/en/analytics

 

Monday, 25 Jan, 2016 / 11:53

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