The Yen has weakened again

24 June, 2015

The USD/JPY pair is trading with a rise for the second consecutive day, and investors are clearly sympathetic to the dollar. Market sympathy is a strange thing. The USD/JPY pair is rising not because absolutely everything is bad with the yen and statistics are minor, but because the dollar is growing on all fronts.

The published morning protocol of the May meeting of the Bank of Japan showed that the inflation target of 2% will be reached in the first half of the 2016 financial year. Well, it’s just not enough positivity. It has been repeatedly stated that these fantastic 2% will be easy to reach, but it will be difficult to keep the inflation at a mark for at least a year. That is still uncertain, as the Bank of Japan is not saying what instruments it will use to sustain this level.

According to the document, a number of monetary politicians of the BoJ want to see how weak Tokyo inflation will affect the general data on the country. There of course will be an effect, but most likely it will be blurred.

At the meeting in May, there was an opinion on the expectations of rapid growth in household spending. But the bet on has failed more than once, so it is unlikely to seriously count on similar factors. Naturally, the government encourages companies and enterprises to increase wages, where therefore a growth of incomes will take place. But it is not clear whether the Japanese will begin to vigorously spend money.

There is another important point which needs to be mentioned, since it touches upon the next financial year. The minutes of the meeting of the Bank of Japan speak about the risks from the slowdown of the Chinese economy. In itself, a slight deceleration doesn’t scare anyone, but its effects are unpleasant. In 2013, for example, the trade turnover between the countries amounted to $ 312.55 billion. Japan sells China all sorts of equipment - from construction to consumer, electronics and automobiles. China exports to Japan everything produced with low added value: clothes, shoes, accessories, chemicals.
 
RoboForex Analytical Department


Source link  
Pound remains weak

The British Pound continues to recede in tandem with the US currency. The current quote in the GBP/USD pair is 1.4801. The pound stands at the minimum of eight and a half months...

The euro is barely moving

In anticipation of the New Year, the main currency pair, it seems, has moved into a phase of consolidation within a narrow range. The euro/dollar is barely moving on Tuesday afternoon. The current quotation of the main currency pair is 1.0972, and is slightly higher than yesterday...

Indices attempt to post December gain

Movements in the currency markets have been a little benign this week, meanwhile indices have jumped higher as Christmas cheer engulfs investors. We are still some way off where we started the month of December on European indices...


The ECB undermined the euro

On Thursday afternoon, the main currency pair remained under pressure due to yesterday's news about the readiness of the regulator to extend QE. The single European currency on Thursday afternoon is still in a weak position, as investors continue to analyze the information obtained yesterday...

Statistics have upset the Pound buyers

The British pound rose against the dollar for a third day in a row away from local minima. Current quote in the GBP/USD pair is 1.5253. Today data came out on retail sales in the UK in October...

The British pound is back to the September lows

The British Pound is weakening for the third day in a row, but it would all be well if not for the indicators of force from the "bears" in the GBP/USD pair. The current quote in the pair is 1.5127, and it is not far off from the September minimum of 1.5107...


Murrey Math Lines 04.11.2015 (EUR/USD, SILVER)

Eurodollar is still being corrected. The price is trying to stay below the 0/8 level. Possibly, on Wednesday the pair may test the previous high one more time. If the market rebounds from it again and stays below the 0/8level, I am planning to increase my position...

The dollar rose again

On Thursday morning, the main currency pair is still trading down because of mass pressure on the European currency. So, the euro/dollar in the morning on Thursday remained under pressure, although it is taking a very half-hearted attempt to win back at least a symbolic part of yesterday losses...

The yen slightly retreated

The Japanese yen was being sold yesterday and continues to be sold today. The current price of the USD/JPY pair is 119.15. Technically, the instrument clearly intends to move to 120.0 and maybe slightly higher...

  


Share: