Article By RoboForex.com
On Thursday, USDJPY continues falling; investors need “safe haven” assets.
The Japanese Yen continues rising against the USD on Thursday. The current quote for the instrument is 112.25.
Over the last 24 hours, global capital markets were dominated by aggressive sellers and many of first world countries and developed economies suffered pretty much. Due to such numerous sales, investors’ demand for “safe haven” assets increased significantly, including the Yen. Probably, it may continue for a while in the nearest future.
According to the Deputy Governor of the Bank of Japan Masazumi Vakatabe, any attempts to influence the Japanese balance “bloated” with assets by tightening the regulator’s monetary policy may turn very nasty. Being a supporter of the BoJ’s current strategy, Vakatabe usually stands up for the regulator’s monetary approach and believes that the country should continue its soft policy. In his speeches, he fights any attempts to decrease the QE program efficiency.
Of course, no one is trying to hide the real “cost” of the monetary policy held (both in the past and the future) by the Bank of Japan. It’s quite obvious that such policy increases the Japanese national debt, but the regulator believes that it should try reach its fiscal targets first and deal with the extra debt issue later.
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Article By RoboForex.com
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