The yen revived a bit

19 November, 2015

The USD/JPY pair fell during Thursday on the comments on the results of the next meeting of the Bank of Japan. On Thursday afternoon, the Japanese Yen slowly grows in tandem with the US dollar. The current quote in the instrument is 123.35.

Today a meeting of the Bank of Japan ended, where it was decided not to change the parameters of monetary policy. The issue of increasing the money supply is clearly resolved: stimulation remains the same, 80 trillion yen a year. The proposal of the BoJ member Mr. Kiut to reduce the limit under the incentive program to 45 trillion yen was rejected. The Bank's decision was thus made by eight votes against one.

In the comments the regulator slightly lowered the estimate of inflation in the country, as a number of important indicators presented in recent years, showed a weak trend.

This morning interesting data on the trade balance of Japan came out. The foreign trade deficit in October amounted to 111.5 billion yen, and it is twice the average market expectations. The indicator for the first six months left region deficient values and a positive signal as a whole.

The components of the release show that the levels of exports exceeded imports. Exports decreased by 2.1%, while imports fell by 4.6%. Still, the weakness of the Japanese yen was not able to completely neutralize the negative effect of the slowdown of the neighboring Chinese economy.

Japan's economy itself is still in the zone of recession. Judging by the published macroeconomic reports for the fourth quarter did not begin in the most confident way for the country. Do recall that August to September 2015 Japan's GDP sank by 0.8% y/y.
 
RoboForex Analytical Department


Source   Presented by RoboForex
Yen Gains as Shinzo Abe Launches $121 Billion Stimulus

The Japanese yen strengthened slightly against the EUR as the markets reflected on the new stimulus package by Shinzo Abe. The $121 billion stimulus...

Currency Point: USDJPY multi-time framed

There are further signs in currencies that risk trading is facing fatigue and there is growing signs a short period...

USD/JPY eases from 2-month tops

Fading safe-haven demand continued weighing on the JPY and provided a goodish lift on Tuesday. The ongoing slide in the US bond yields...


Yen flexes bullish muscles

Everyone wanted a piece of the Japanese Yen on Wednesday after disappointing ADP payroll data from the United States and gloomy outlook on trade...

Yen shunned as risk appetite improves

The Japanese Yen is entangled in losing battle against every single G10 currency today as risk appetite improves on trade optimism and...

USD/JPY recovers to 107 area

10-year US T-bond yield extends slide, drops below 2%. US Dollar Index stays calm near the 96 mark. Fed's Williams & Bostic, FOMC Chairman Powell...


Oscillates in a familiar trading range

The USD/JPY pair lacked any firm directional bias and seesawed between tepid gains/minor losses through the early European session on...

USD/JPY climbs to 1-week tops

Improving risk sentiment dents the JPY's relative safe-haven status. The USD remains supported by a solid rebound in the US bond yields. Focus now shifts...

USD/JPY backs away from highs

US Dollar Index retreats toward 97 area. Nikkei Manufacturing PMI in Japan improves slightly in March. Coming up: Retail sales and manufacturing...