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USD/JPY: demand for the USD is going to decrease on 11.05.2015

For almost two months the USD has traded in the range of 118.60-120.70 against the Japanese Yen. Last week, the pair rebounded from the key resistance level of 120.40 and went up. Last Thursday,  favousrable US data on initial and secondary applications for unemployment benefits became known. These indices provided support to the USD and on Friday the pair wad able to reached the key support level of 120.10. However, due to weak  Non-Farm Payrolls the pair reversed from this level and went down. 

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