The yen came under pressure from the CB
16.09.2014
The USD/JPY pair keeps the mood for growth and the goal is 108.0 in the near future.
The Japanese yen continues to become cheaper. With a few stops and rollbacks weakening of the Japanese currency is observed since August 8, that is, for more than a month.
Today the Central Bank of Japan said that the country's GDP in January-June rose by 1.0% and compared to the previous six months this is a good result. The main support comes from the household expenditure and the expenditure of large and medium-sized companies.
The Central Bank stressed that the inflation target remains the same, it is about half way up to the desired level, but there is movement, and it is productive.
According to the national regulator, there are some geopolitical risks in the economy, but current conditions still contribute to the growth of investment.
According to official expectations, inflation will reach the goal of 2% over the 2015 fiscal year.
Overall, the Japanese regulator did not say anything new. Yes, there are external risks, as there is very weak demand for goods made in Japan. But this trend is present for six months, so the economy has already adapted to it. Decline in exports from Japan is a usual process, although no less painful. However, by the end of the 1st half of 2015 the situation should be equalized.
RoboForex Analytical Department
The Japanese yen continues to become cheaper. With a few stops and rollbacks weakening of the Japanese currency is observed since August 8, that is, for more than a month.
Today the Central Bank of Japan said that the country's GDP in January-June rose by 1.0% and compared to the previous six months this is a good result. The main support comes from the household expenditure and the expenditure of large and medium-sized companies.
The Central Bank stressed that the inflation target remains the same, it is about half way up to the desired level, but there is movement, and it is productive.
According to the national regulator, there are some geopolitical risks in the economy, but current conditions still contribute to the growth of investment.
According to official expectations, inflation will reach the goal of 2% over the 2015 fiscal year.
Overall, the Japanese regulator did not say anything new. Yes, there are external risks, as there is very weak demand for goods made in Japan. But this trend is present for six months, so the economy has already adapted to it. Decline in exports from Japan is a usual process, although no less painful. However, by the end of the 1st half of 2015 the situation should be equalized.
RoboForex Analytical Department
Attention!
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.