Breaking News

Japan economy half way to achieve price stability target of 2 percent

News Date: 17/9/2014 03:47:47

According to the Governor of the Bank of Japan Haruhiko Kuroda, Japan is half way to achieve price stability target of 2 percent. From April last year when the bank introduced quantitative and qualitative monetary easing to achieve in a time of two years price stability of 2 percent, USDJPY built strong support at 93 level and today we are above 107 only 70 pips away from the psycho level 108.

It’s clear on USDJPY chart that the plan of Bank of Japan is to push USDPY more up, which mean the bullish trend might be starting from 107 and might be targeting 110 level.

Provided by Fxhighway 

Latest news

The number of global Coronavirus infections is increasing at an unexpected speed, and German Chancellor Angela Merkel said yesterday that the pace of new infections is advancing day after day, and at
11-2020 17 08:37:57

Japanese stock indices closed lower today, due to undermining investor sentiment for fear of a rise in Corona cases, and the Nikkei index fell by 0.53% to 25385.87 points, and over the course of a we
11-2020 13 05:10:43

The US dollar manage this morning, to achieve progress during the trading session, as the « safe currency » rose by 0.04% to indicate 93.073, and the dollar fell against the Japanese yen
11-2020 12 08:11:42

Trump is still trying to raise the curtain on the corruption – as he claims – which was defined by the polling process in the last major US election that was sorted by Democrat Joe Biden,
11-2020 11 08:58:20

Most of the global markets rebounded on Monday, right after the opening of the weekly trading session, after Democrat Joe Biden won the US presidential elections, and both stocks and commodities rebo
11-2020 10 09:23:45

More News