Usd jpy news forex


Usd jpy news forex


The Fed raised the Fed funds rate Usd jpy news forex 25 basis points as expected and fully priced in. The markets sold off the possibility of steeper rate normalization. Sounds weird to you. Recently froex Bank of Japan has expanded their purchase of Yen, hoping to overturn the deflation tide to inflation. The Japanese Yen is the third most commonly traded currency in the world after the US Dollar and the Euro.

The Japanese Yen is the national currency for the nation of Japan, which has the third largest national economy in terms of Nominal GDP. Japan is a unique economy, with large manufacture and export of automobiles and electronic goods. There is no guarantee that the Fed is UUsd raising. Any combination of these occurrences would most likely see JPY gain some value as a result of risk aversion (investors scrambling to exit their JPY funded positions, similar to March 2007) as well as an increase in Japanese exports which would become more competitive if the yuan is allowed to appreciate.

The value of these currencies when compared to each other is affected by the interest rate differential between the Federal Reserve and the Bank of Japan. Wow this is huge. I believe that the 112 level will be very important, and if we can see above there we should continue to find buyers.




Usd jpy forex news

Usd jpy news forex

Usd jpy news forex



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