USD/JPY Next Support Level / MBCFX Technical Analysis Team 01/31/2013
Also, the postponement of the unlimited quantitative easing program (QE3) until the end of the year 2013
Therefore, it is expected that the investors will averse trading the U.S. dollar in order to hedge against inflation.
So we expect that the USD/JPY will decline due to this negative economic news for the dollar.
Where, it is expected to resume trading at the 87-85 levels, after forming the recent tops.