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Home / Analytics / Forex analysis & forecasts / Forex Fundamental analysis / The Yen got stabilized. Overview for 11.10.2016
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The Yen got stabilized. Overview for 11.10.2016

The Japanese Yen is still rather weak, but the pressure is reducing and no one pays attention to the positive statistics from Japan.

In the “fight” between two “safe haven” currencies, the Japanese Yen and the American Dollar, the latter one is winning. However, the statistics from Japan remains out of investors’ sight. The current quote for the pair is 103.69.

Today’s statistics showed that the country’s balance of payments at the end of August was 2,000.8 billion Yens, which is more than the average forecast of 1.502.7 billion. The indicator is calculated based on import/export transactions with allowance for net investment income. The growth of the indicator tells us about the capital inflow increase, and this is a very positive moment.   

In August, import prices in Japan decreased and it affected positively the visible trade of balance. These reports could provide support to the Yen, but right now the market is paying little attention to the macro statistics.

The entire attention of investors is focused on the Fed and its future fiscal actions. The market’s sympathies are definitely with the USD despite weak September reports on the employment. Moreover, the geopolitical factor matters as well: another televised debates in the USA featuring Donald Trump and Hillary Clinton ended with a bias towards Clinton and improved her chances to win the presidential race. As usual, such news makes the USD strengthen.
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