USD/JPY: May's upward correction almost blocked. Technical analysis for 09.06.2016

Forex analytics: Review and evolution After the yen’s sharp consolidation in April against a backdrop of Bank of Japan's decision to keep its monetary policy unchanged, Japanese Finance Minister Taro Aso expressed readiness to intervene in forex markets. The USD/JPY pair has grown a bit above a level of 110.80 (23.6% Fibonacci retracement) in an ascending correction since the beginning of May. However, USD/JPY ...