The Bank of Japan decided on negative interest rates
The price of the Japanese yen fell sharply today in connection with the decision of the Bank of Japan on further easing monetary policy. Thus, the volume of asset purchases for the year remains at 80 trillion yen in the year, but at a meeting of the central bank of Japan 5 votes against 4 were given for lowering the interest rate to -0.10%. This step should lead to the achievement of the inflation target of 2.0% in the first half of 2017 and to support the domestic consumption. We anticipate continued growth of USD/JPY in the medium term and in the near future with the potential of reaching 128,00-130,00.
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