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 is strengthening again. Overview for 26.04.2016
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 is strengthening again. Overview for 26.04.2016

On Tuesday, the Japanese Yen is under pressure, anticipating meetings of the USA FRS and the BoJ.

The currency market is getting a bit nervous before important events planned for the next several days. The current quote for the instrument is 111.03; after a short pause, it’s being sold again.

The head of the BoJ, Mr. Kuroda, noticed today that the total impact of negative bank rates is limited, and the banks themselves receive the required interests on placed accounts by three level cross financing. In the first place, the fiscal measure of introducing negative bank rates was introduced in order to support the Japanese economic stimulus programme and was intended for stepped-up actions of banking authorities. Usually, it is not seen in macro statistics, but later has positive effect on allied sectors of industry.

The meeting of the USA Federal Reserve will take place this week, and it will be followed by the meeting of the Bank of Japan. The first meeting is expected to hint at the first rate increase this year, the second one – to make new decisions about quantitative monetary easing.

So far, the market is not in favor of the US Dollar. The market is placing a very serious stake on the possibility that the Federal Reserve might increase the rate in May. It is unlikely to happen this soon, because the inflation numbers look quite weak. In case of the BoJ, one can be sure about more steps to expand the stimulus program – the only question is how.
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.


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.