FX.co ★ Wave analysis of USD/JPY for May 27, 2010

Over the last 24 hours USD_JPY's price has almost remained the same, consolidating around the level of 90,30. Judging by the previous statistics it can be assumed that that the yen again is accumulating potential for a further move. Although, the direction of the movement today is ambiguous. So, there are almost equal chances for the price uprise to the area of c-wave in the expected 2nd wave as well as for the continuation of a falling trend which in this case can develop into a continuing solidifying of the Japanese currency.