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    USD/JPY: FRS Meeting Minutes have triggered correction in the price on 21.05.2015

    This week, the pair USD/JPY has grown to the level of 121.46, leaving the limits of the sideways channel of 120.70-118.70, where the pair has been moving for about two months. The rise in price was caused by some fundamental facts, and first of all by the declaration of the Finance Minister of Japan Taro Aso that deflation in the country will continue for some time. Nevertheless, the Bank of Japan is going to continue quantitative easing program until inflation reaches the level of 2.0%.  

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