The Yen has slowed its growth

March 27, 2015

By the end of the week the USD/JPY pair stopped falling as significantly as was observed earlier, but the statistics may return the Yen to growth.

On Friday, the Japanese Yen suspended its sharp appreciation in tandem with the US dollar. After five days of notable sales in USD/JPY pair, investors are tired. However, todays released statistics can give new impetus to the yen to strengthen its position.

Japan's unemployment rate at the end of February fell to 3.5% against the January figure of 3.6%. The reduction in the number of unemployed was due to the stimulation of the economy of Japan and optimization of support to the real estate sector. This fact, confirmed with a macroeconomic report, can give the Yen additional support.

Today it became known that household spending in Japan in February fell by 2.9% y/y, even after adjusting for inflation. The trend is strong and shaped, it has been observed for thirteen months in a row. This may indicate that consumers are still not confident about the future of the economy and fear a new round of crisis.

For now the USD/JPY pair remains in the range of 119.0-120.50. Attention should be paid to the evening movements in the euro/dollar against the backdrop of the speech of the head of the US Federal Reserve Janet Yellen. Who knows what she will please investors with today.

Publication source
RoboForex information  RoboForex reviews

February 17, 2017
Golds rally may falter
The gold price has racked up its 2nd straight day of gains today on the back of US dollar weakness and doubts over an interest rate hike next month from the US Federal Reserve...
February 16, 2017
Where is black gold heading?
The Euro is slowly going down and this is not brought on by the Eurozone situation. Instead, this is fueled by the U.S. Dollar. Yesterday, Janet Yellen gave a speech in the Senate Banking Committee emphasising the fact that it Is not quite right to use the wait-and-see stance regarding the interest rate hike...
February 14, 2017
Will France exit the euro?
The Euro has come under pressure late in the European session today, after analysts warned of the huge costs that France would face should they decide to ditch the European currency... Rating
Tickmill Rating
Vantage FX Rating
FXCM Rating
FIBO Group Rating
FxPro Rating

OptionRally Rating
Beeoptions Rating
Binary Brokerz Rating
24option Rating
EZTrader Rating
Porter Finance Rating