Quotes of the pair USD/JPY close the trading week near the area of 111.95. 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 106.50.
USD/JPY weekly forecast on September 25 — 29, 2017
In favor of reducing the pair is the resistance line test 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. Expect to accelerate the fall is with the breakdown of the level of 110.20.
Among the important news from Japan, which can have an impact on the rate of the Japanese Yen, it is worth highlighting: Speech of the head of the Bank of Japan, the Consumer Price Index.
USD/JPY weekly forecast on September 25 — 29, 2017 suggests a test of the upper border of the channel near the level of 112.40, from where it is expected to continue the decline to the area below the level of 106.50, cancellation may become a breakdown of the region of 113.50, which will indicate the continued growth of the Dollar/Yen pair.
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