USDJPY – 10.10.2016

The USD/JPY pair has expanded its consolidation range downwards. We think, today the price may extend this decline towards 102.61 and then return to 103.38, thus forming another consolidation range. If later the market breaks this range upwards, it may grow to reach 104.42; if downwards – continue falling inside the downtrend with the target at 101.71.