index of business activity in the manufacturing sector, Japan, in August increased and amounted to 49.6 against 49.3 in July. During the Asian session the pair quotes USD / JPY, continued to decline.
The pair remains within the boundaries we marked range 99.91-101.78. We expect the market rebound from the bottom of the range of 99.91 and the border back at least to the area of the equilibrium level of 100.30.
The forecast pair USD / JPY
At the same time note that from a technical point of view, the probability of the market is below the 99.70-99.90, as well as updating local minimumov- increases.
Forex Analytics Fort Financial Services