The USD/JPY continued its decline until the rate almost reached the 111.80 level. That point suddenly forced a retracement of the currency exchange rate. By using this point new descending patterns were drawn.
In general, the rate is expected to resume its decline after trading sideways during the start of the next week. Use these patterns for guidance in the upcoming week.
Dukascopy Analytics will be off during the next week. Meanwhile, the market volatility will be low, as most of the financial field is also on vacation.
