The Japanese yen against the US dollar remains at its four-month peaks. The current quote is 132.00.
The BoJ decided to gain more control over the bond yield, and this decision will be affecting the market for quite long. It corrected long-term interest rates, giving them more space to grow than previously. This mechanism is meant to smooth out the negative consequences of the ultra-soft credit and monetary policy of the regulator and lengthy monetary stimulation.
At the Japanese government level, it has already been announced that this decision of the BoJ means neither cancelling nor giving up the soft credit and monetary policy.
Today the BoJ has announced an extraordinary purchase of bonds for 200 billion yen. 100 billion yen will be spent on 3 to 5 year bonds and 100 billion yen more – on 5 to 10 year bonds.
For the JPY, all these events are positive.
Free Reports:
Article By RoboForex.com
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 Analytical Department RoboForex Gold prices fell below 4,000 USD per troy ounce on Tuesday,…
By JustMarkets The US stock markets on Monday showed confident growth, breaking a five‑day losing…
By Analytical Department RoboForex EUR/USD began the week trading around 1.1381. The US dollar has…
By JustMarkets By the end of the day, the Dow Jones Index (US30) fell by…
By InvestMacro Here are the latest charts and statistics for the Commitment of Traders (COT)…
By InvestMacro The latest update for the weekly Commitment of Traders (COT) report was released…
This website uses cookies.