The Bank Of Japan (BOJ) communicated that it will buy an unlimited amount of 10-year bonds at a fixed rate of 0.25% in order to stop the pace of parabolic increases in debt securities yields. The decision triggered a significant sell-off in the Japanese yen, further confirming the bank's strong stance on ultra-loose monetary policy. Although the buying itself is expected to last for 3 consecutive days, bond yields have not reacted and the upward movement continues. Japan's former Finance Minister, Mr. Eisuke Sakakibara commented that the current weak yen is positive for the economy as long as it does not exceed the 130 yen per dollar level.
เริ่มเทรดทันทีวันนี้ หรือ ลองใช้บัญชีทดลองแบบไร้ความเสี่ยง
เปิดบัญชี ลองบัญชีเดโม่ ดาวน์โหลดแอปมือถือ ดาวน์โหลดแอปมือถือChart of the USDJPY pair, MN interval. The pair is currently approaching the local maximums of 2015. Although these levels may provide some kind of resistance to further appreciation of the dollar against the yen, the fundamental pressure on the Japanese currency remains intact. Source: xStation 5
