FX.co ★ USD/JPY wave analysis. Week review.

During the previous week the USD/JPY currency pair has been declining along the upper limit of the downwards corridor, supposedly forming the 2nd wave in the 3rd (c). If so, Thursday’s attempt to resume growth might find its development. At the same time, the situation is expected to develop in the direction of the first target level near the 85 figure level, or even 88.00 given favourable news background.