Article By RoboForex.com
Japanese yen paired with the US dollar has returned to a devaluation strategy. The current quote in USDJPY is 148.70. It is close to a 32-year high.
Morning statistics showed that Japan’s final volume of industrial production for August rose to 3.4% y/y, while a gain of 2.7% y/y was expected, as before. This is not a bad signal, although there are opinions that it has a purely local nature.
Japanese monetary policy makers have spoken this morning and said it is appropriate to continue monetary policy easing. The Prime Minister noted the possibility of taking action against currency speculation.
The yen’s devaluation is a consequence of the difference between the monetary strategies of the BoJ and the world’s leading central banks. The BoE is now probably the only one that implements economic stimulus and keeps the interest rate negative.
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 ForexTime FXTM’s USDInd ↑ 2% MTD Dollar best performing G10 currency MTD Geopolitical risk…
By JustMarkets The US stock market concluded Thursday’s session in the red as the escalating…
By Analytical Department RoboForex EUR/USD is holding near 1.1620 on Friday, with the US dollar…
By JustMarkets The US stock market rose on Wednesday. By the end of the day,…
By Daniele D'Alvia, Queen Mary University of London When a conflict escalates, financial markets respond…
By Analytical Department RoboForex GBP/USD contracted to 1.3350 on Thursday, with the pound remaining under…
This website uses cookies.