The yen slightly retreated

October 16, 2015

On Friday afternoon, the USD/JPY pair is trading with an increase in the anticipation of the Bank of Japan to mitigate the monetary conditions.

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.

The next meeting of the Bank of Japan is scheduled for the 30th of October, and market expectations suggest at least there will be a statement that economic stimulus programs should be expanded. However, before that, on October 28-29, will be held a regular meeting of the Federal Reserve, after which currency pairs are usually stormy.

Today the Prime Minister of Japan, Mr. Abe said in a speech at the end of a government meeting that the inflow of investments into the economy of the state is still insufficient. A representative of the investment firm Black Rock was invited to advice - this alone indicates a willingness the Japanese authorities to cooperate with businesses and to work together. This is a good signal.

At the same time the head of the Bank of Japan Mr. Kuroda stressed that the monetary policy in its current version is effective. According to him, domestic demand in the country is enhanced and will continue to move in a positive direction. This fact supports the restoration of the economic system as a whole.

So far it's only words. Statistics show that the Japanese version of the QE is very effective, but the effect is no longer sufficient - inflation still escapes from the grasping hands of the BoJ. Incentives need to be strengthened so that the money already spent does not go anywhere. Another thing is how the situation will be with the public debt, which is growing steadily and confidently.

Publication source
RoboForex information  RoboForex reviews

February 24, 2017
Oil prices slightly grew
Brent oil prices extended their recovery in the Asian session on Thursday. Buyers led the price higher and broke 56.50 dollars per barrel in the early European morning...
February 24, 2017
Dollar drifts on Fed's lack of optimism
FOMC February meeting minutes released on Wednesday failed to provide support for the bulls to manage a sustainable breakout above 101.50...
February 24, 2017
Can gold continue post Fed rally?
Gold jumped to a 3 month high today, snapping a 3-day losing streak today after traders digested yesterday’s minutes meeting from the US Federal Reserve...

FOREX.com Rating
Orbex Rating
Cms Trader Rating
Larson&Holz IT Ltd Rating
OANDA Rating
FXCM Rating

TopOption Rating
GTOptions Rating
Porter Finance Rating
OptionRally Rating
Empire Option Rating
Binary Brokerz Rating