Quotes of the pair USD/JPY close the trading week near the area of 110.71. The pair continued to move within the bearish channel. It is worth waiting for the test of the upper border of the channel near the level of 112.40 and further continuation of the fall into the area below the level of 107.10.
USD/JPY weekly forecast on September 18 — 22, 2017
In favor of the pair’s rebound, a resistance line test will be performed on the relative strength indicator (RSI). The cancellation of the fall of the pair USD/JPY in the current trading week will be a strong growth and breakdown of the region of 113.50, which will indicate the continued growth of the pair on Forex.
Among the important news from Japan, which can have an impact on the rate of the Japanese Yen, is: Bank of Japan interest rate decision, Commentary on monetary policy.
USD/JPY weekly forecast on September 18 — 22, 2017 suggests a level upper channel level test near the level of 112.40, from where it is expected to continue the decline to the area below the level of 107.10, cancellation may become a breakdown of the region of 113.50, which will indicate the continued growth of the pair Dollar/Yen.