Cookies help us deliver our services. By using our services, you agree to our use of cookies.
Learn more Got it
Dakar 2017
Roboforex is an official sponsor
of "Starikovich-Heskes Team"
at the Dakar 2017
Home / Analytics / Forex analysis & forecasts / Forex Fundamental analysis / The Yen remains strong. Overview for 11.04.2016
Ask a question
Did not find the information you need? Ask your questions and get answers online!
Enter chat
Or enter your phone number in the form below and we will call you right away.
Call back




The Yen remains strong. Overview for 11.04.2016

11.04.2016
On Monday, the USD/JPY pair is staying close to its multi-month lows; investors will wait for drivers.

The Japanese Yen remains strong and isn’t going to move away from the levels of last 17 months. The current quote for the instrument is 108.24.

Quarterly survey of the BoJ about consumer sentiments showed that in the first quarter of 2016 the indicator fell up to -22.5 points against the number of -17.3 points in the fourth quarter of 2015. For 80% of those surveyed, rise in prices last year remains quite disturbing. Perhaps, this is enough for understanding what is happening in the consumer sector. The situation will remain the same until the Japanese population doesn’t know for sure what regulating authorities are going to do and what exactly the Central Bank is going to do to deal with resulting risks.

During today’s speech, Mr. Kuroda, the Governor of the Bank of Japan, said the monetary policy will be soften immediately if necessary. Authorities can see improvements in the Japanese economy, but the situation on the foreign markets keeps being unstable, and this is quite a risk.

If you take a closer look, Japan is surrounded by risks. Marketing outlets in Europe are “in the dumps”, the capital is moving Australia and New Zealand, for instance, but it’s not enough for creating a new supporting point.

This week, the currency market will closely follow the statistics (from China n the first place) and news (Qatar and oil). In case of not good news, the Yen may once again become a “protective” asset.
 
RoboForex Analytical Department

Dear reader!

Without authorization, you can view no more than two reviews per day and no more than 10 per month. To continue reading analytical reviews, register or login to your Members Area.

Attention!

Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.