Trading news

USD/JPY: After the statement of the Prime Minister of Japan Shinzo Abe _27/07/2016

Technical analysis and trading recommendations - https://fxpcm.com/en/fx/usdjpy-after-statement-prime-minister-japan-shinzo-abe-27072016
Today, the yen has fallen sharply on the currency market after Japanese Prime Minister Shinzo Abe announced the decision to announce on August 2 in the amount of the program to stimulate the economy more than 28 trillion yen. The Japanese stock index Nikkei Stock Average on the basis of trading in Asia rose 1.7% to 16,664.00 points, while the USD / JPY pair shot up to around 106.50.

Also as part of the package of incentives Abe, Japan's government may announce plans to issue 50-year bonds.
This is one of the largest stimulus packages of the economy measures since Abe took over as prime minister of Japan for more than three and a half years ago.
Uncertainty in the world economy becomes stronger over the yen and Japan's weak macroeconomic indicators and the low level of inflation in the country forced the authorities to seek a solution to a difficult situation.

Now, investors will be watching the meeting of the Bank of Japan, which ended on Friday.
The Bank of Japan is under pressure from the government and the need to ease monetary policy.
Today at 18:00 (GMT) will be published on the Fed's decision on interest rates in the United States. Feed rates, located at 0.5% are expected. However, if the Fed will signal to tighten policy at the September meeting, it could push the dollar up.
Futures on interest rates Fed indicate a 20% chance of a rate hike in September, compared to 12% earlier this month. The probability of a rate hike in December is about 50%.

Keep coming out positive US macroeconomic indicators, as well as easing concerns about the negative consequences of the UK exit from the EU, more and more are beginning to convince some investors that the US Federal Reserve will not refrain from raising rates this year.
Thus, the fundamental nature of the incoming information may give grounds to assume further growth of the pair USD / JPY.

Wednesday, 27 Jul, 2016 / 12:32

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source : http://fxpcm.com/en/fx/usdjpy-after-statement-prime-minister-japan-shinzo-abe-27072016

Trading news

 

BoC Abandons Hike Bias, Riksbank’s Turn to Decide on Policy

The Canadian dollar slid yesterday, after the BoC fully abandoned its hiking [...]

Posted on Thursday, 25 Apr, 2019 / 7:31 under

Bank of Canada doubles down on dovishness

Summary: USDCAD soared to 1.3519 from 1.3440, despite a surge in WTI oil [...]

Posted on Thursday, 25 Apr, 2019 / 6:56 under

Gold is falling on positive economic news

Gold continues to lose ground. Its spot price has already dropped below $1270 [...]

Posted on Wednesday, 24 Apr, 2019 / 4:02 under