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 / Yen is hold in the range. Overview on March 3, 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

Yen is hold in the range. Overview on March 3, 2016

On Thursday morning, pair USD/JPY is trading with rising, but the borders of short-term range seems too strong.

The last five trading days Japanese yen does not show any directional movement in the pair with the US dollar. The mood is changing every day - investors take into account the comments of the Japanese Central Bank, or the tool moves after the US statistics. The current quote in the pair USD / JPY is 114.14. It is very close to the upper border of a short-term trading channel.

This morning, the deputy head of the Bank of Japan Mr. Nakaso, speaking at the big press conference, said that the next step in stimulating the country's economy with households and communities. Central Bank and Ministry of Finance work "tight" for several years with the financial part of the stimulating, and now it's time to show a synergistic effect of their efforts. Domestic demand is able to support Japan's economic system, it is true. But consumer and household spending remain restrained, because very few people know what really happens beyond the horizon, and how it will develop the financial sector Japan further.

For the Bank of Japan the weak inflation remains the main "headache". Great share stimulating aims specifically at fighting the deflation, which for many years has not been able to cope. The last year inflation is balancing in positive territory, but the country paid dearly for this victory. The problem is that it is necessary to keep stable growth of inflation without additional monetary stimulus, and there will not any constructive solution of this issue without inner interest for purchases.

Today and tomorrow large block of statistics of the US economy will be published, and the USD / JPY pair will consider it in quotes - because we are talking about labor market indicators.

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.