Article By RoboForex.com
The Japanese yen paired with the US dollar has fallen to another low in more than 30 years. The current quote in the USDJPY is 149.94. The devaluation of the yen is “in full swing” and this is now really scaring the monetary authorities in Japan. The situation is clearly spiralling out of control.
This morning the Central Bank announced its readiness to urgently purchase USD 667 million worth of government bonds in order to stabilise the debt market. The decision was probably taken after the yield on 10-year government bonds rose to 0.225%, which exceeded BoE targets.
The Japanese Prime Minister estimates that the economy is facing external risks and realising the consequences of foreign developments. The Japanese authorities are now preparing a stimulus package for the economic system and are likely to decide on the level of spending.
Earlier, the monetary watchdogs had carried out a massive 2.84 trillion yen currency intervention. But these measures had only a short-term effect.
Article By RoboForex.com
Free Reports:
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
By JustMarkets On Thursday, the US stock market closed higher. By the end of the…
By Analytical Department RoboForex Gold continued its decline on Friday, falling to 4,619 USD per…
By Ji Y. Son, California State University, Los Angeles and Alice Xu, University of California,…
By JustMarkets On Wednesday, the US stock indices mostly rose, with the S&P 500 and…
By Analytical Department RoboForex GBP/USD held at 1.3528 on Thursday following an overnight decline. The…
By Hélène Nguemgaing, University of Maryland and Alan Collins, West Virginia UniversityThe United States is…
This website uses cookies.