Analysts at BNP Paribas note that the downside correction of the pair USD/JPY has stopped already at 83.40. If the greenback gets above 83.65 versus Japanese yen, it will be able to strengthen rising towards selling offers at 83.80.

The specialists expect some consolidation after the pair’s active growth during the last several days, though they don’t think that such move will last long. In their view, momentum for the greenback is bullish and US currency may climb to 85 yen during the next few weeks.

According to the BNP Paribas, the Bank of Japan has no choice but to keep the interest rates at the record low levels to encourage investors to use yen as the funding currency for carry trades.