In the context of the local uncertainty, the pair USD/JPY fell under the influence of external forces.
The stock indices collapsed after the comments of Mark Carney about the Brexit which helped the Japanese yen strengthen.
The yen has become an attractive asset after the weakening of the pound and the euro.
The Brent oil descended below 48$ per barrel. Japanese Nikkei225 index fell today by 2.76%, the APR indices are falling, but Nikkei225 ahead of everyone. After yesterday's launch of the yen reduction by 80 points today during the Asian session, the pair USD/ JPY has lost around 100 points.
We forecast the descending of the pair USD/JPY to 99.30 and then to 98.10.
How to trade
The downward movement is possible after the breakdown of 100.53. We would buy put options if the pair falls below 100.53.
Target price: 100.53
Expiry time: 20:00 GMT