The Japanese yen continues to retreat

22.12.2014
The US dollar continues to return to the peaks reached earlier in tandem with the Japanese yen. Christmas and New Year is best to met at the maximum point – clearly a better view.

According to the text published today a monthly report of the Bank of Japan increased the estimate of GDP growth of Japan, as well as improved estimates of exports and industrial production in Japan. This is a positive thing, because in the previous report the BoJ drew attention to the decline in industrial production.

The Bank believes that the economy will gradually recover further, and over time the negative effects of the April increased sales tax rates will be completely washed away.

Now the incentive program of the Bank of Japan is about 80 trillion yen.

For the yen all these statements are somewhere "on the periphery of consciousness." It is clear that stimulating the economy of Japan will take many more months, which means that the yen will update during this time more than one "minimum".
 
RoboForex Analytical Department

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