Quotes of the dollar yen currency pair USD JPY continues to move in the bullish trend and is currently retained potential for growth of the pair of quotes in the area above the level of 116.00.
USD JPY forecast dollar exchange rate on December 15, 2016
Cancellation option will drop in prices pair below 113.70 that will point to a continuation of a downward correction for the pair with a potential target at 110. But do not rule out a tight test of the rising channel’s lower border, and only then to continue the growth of quotations. Among the important news from Japan that may have an impact on the Japanese yen tomorrow, December 15, 2016, is to provide, publish the PMI manufacturing index, expected slight growth rate at the level of 51.3 to a level of 51.5.
USD JPY forecast dollar exchange rate on December 15, 2016 assumes continued growth of quotations in the rebound from the rising channel’s lower border for the purpose set out above in the field of 116 levels.