country flagالعربية

The yen is down against the major currencies after the BoJ

2018-11-05 07:20 am | Resource: News | No Views : 152

 Japan's economy is expanding moderately as exports are expected to grow, mainly from IT-related goods, and inflation expectations remain somewhat unchanged, BOJ policy board members said in their meeting minutes in September. Meeting.

BOJ members agreed that due to the US-China trade war and the decline in Turkish lira, investors' sentiment has worsened and stock prices have fluctuated. Some members were concerned about US trade policy as they did not feel that the United States and China were willing to make concessions. Some members also said that developments in the negotiations on the UK's exit from the EU, including the possibility that Britain would not leave the EU, could pose a threat to developments in foreign economies.

Members also noted that public investment in Japan was fairly stable, investment in fixed businesses continued to increase, and that private consumption had increased moderately. Industrial production is increasing due to rising demand at home and abroad, and PPI is on the rise. Bank of Japan members also said long-term real interest rates were negative.

The JPY is down against the majors

During the Asian trading and after the release of the Bank of Japan's minutes and Kuroda's remarks, the Japanese yen fell against most major currencies:
  • The USDJPY rose 0.08 percent to trade at 113.299
  • The euro was up against the yen at 0.08 percent, trading at 129.02
  • The pound was also up against the yen at 0.36 percent, with the pair trading at 147.31
  • The Swiss Franc remained unchanged against the Japanese Yen, trading at 112.81
  • The Canadian dollar was up against the yen at 0.36 percent and the pair is trading at 86.433

Other analysis

Best Opportunities, Vision and Technical Analysis for the USD/JPY pair 22 March 2019

Time frame Used - four hours The USD/JPY is moving in a bearish direction in the near term. The USD/JPY was able to take control of the USD/JPY movement after the US Federal Reserve's decision to fix the US interest rate as the USD/JPY broke down at 111.12 to hit at 110.35. In view of the technical indicators Both the RSI and the Stochastic are indicating the arrival of indicators…

More analysis

Best trading brokers

All Rights Reserved
Risk Disclaimer: Trading in foreign exchange market (Forex) includes the risks and the possibility of loss. That is why we are keen on providing the highest quality news and analysis concerning the different markets traded. The opinions expressed in the site indicate the opinion of the author only and not the views of the administration or the public, knowing that errors could be encountered and there is a possibility to commit them. Before starting to trade you should carefully consider your investment objectives, and review the level of experience and risk appetite. In some cases, possible high leverage can lead to loss of funds invested, so you can not invest money that you can not handle its possible loss. You should be aware of all the risks associated with foreign exchange trading and seek for advices from an independent financial advisor if you have any does not assume any responsibility after the occurrence of financial loss to the dealer and the user carries full responsibility for the losses resulting from the use of news, analysis and data on the site.