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US dollar maintains grip the power over yen

29 March 2016, USD/JPY

US dollar continues to steadily and gradually strengthen against the Japanese currency. The upward movement has a strict bottom border, which sellers failed to break.

It is hard to say when this movement finishes, so we should just patiently wait for corrective decline, and there we should watch how the price will behave and what type of model will be formed. Thus, in the future, the upward movement can continue in the same way and then a decline will start, which is likely to have a corrective nature

Vasiliy Lukin
Analyst of «FreshForex» company
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