Japan’s economy struggling to escape its deflationary torpor, the economic-revitalization plan that Prime Minister Shinzo Abe launched in 2012 has come under growing scrutiny . Japanese equities has plunged from the huge interest of buying the currency from different sources, for example the Chicago Mercantile Exchange shows substantial interest in the yen. The yen has … More Abenomics .. Japanese deflationary torpor . .
USD/JPY: ranging within bullish levels. The pair is located to be above 100 period SMA (100 SMA) and 200 period SMA (200 SMA) for the primary bullish market condition for the ranging within the following key bullish levels: 125.85 resistance level, and 116.13 support level. The price is trying to break 123.59 key resistance … More USD/JPY – Long-Term Forecast:
The Japanese Yen rose against the US Dollar while the Nikkei 225 benchmark stock index declined after the Bank of Japan maintained the target annual increase in the monetary base unchanged at ¥80 trillion, as expected. The central bank said it will continue QQE until stable 2 percent inflation is maintained. Interestingly, the … More Japanese Yen Gains, Nikkei Falls as BOJ Leaves Policy Unchanged
Technical Outlooks For USD/JPY – SEB technical forecast for USD/JPY for telling the following: ‘below 122.65/45 would target 121.60’. It means that SEB is predicting the price to be bounced from Fibo resistance level at 123.63 with 23.6% Fibo target at 121.86. Anyway, there are the following scenarios for the price movement concerning the key … More USD/JPY TECHNICAL 4H