The yen did not appreciate the optimism of the Bank of Japan
19.12.2014
As noted on Friday, by the Governor of the Bank of Japan Mr. Kuroda, there is reason to expect that exports in the long term will grow at a moderate pace against the weakness of the Japanese yen and the gradual recovery in the major economies of the world. He predicted that core inflation in Japan will be at about 2% in 2015. Well, the Bank of Japan came close to the desired number.
The Bank of Japan still emphasize its flexibility in monetary policy and are ready to adjust monetary conditions as needed. A weak yen has both pluses and minuses, but the BoJ hopes that the currency market will move based on fundamentals, that is successively.
Here everything is quite predictable - from the accents in the economy to inflation forecasts. This is why the Bank of Japan is wonderful - they go ahead and try not to look at the proportionally growing national debt.
For the Japanese yen everything that is happening these days looks quite neutral, but the sympathy of the market remains on the side of the USD.
RoboForex Analytical Department
The Bank of Japan still emphasize its flexibility in monetary policy and are ready to adjust monetary conditions as needed. A weak yen has both pluses and minuses, but the BoJ hopes that the currency market will move based on fundamentals, that is successively.
Here everything is quite predictable - from the accents in the economy to inflation forecasts. This is why the Bank of Japan is wonderful - they go ahead and try not to look at the proportionally growing national debt.
For the Japanese yen everything that is happening these days looks quite neutral, but the sympathy of the market remains on the side of the USD.
RoboForex Analytical Department
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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.