USDJPY breakout towards 107.80 in sight

USDJPY breakout towards 107.80 in sight

Jaya Maheshwari
06 Sep 2019 06:05 PM
More than responding to its economic factors, the Japanese Yen has been garnered for its anti-risk properties. Anti-risk from the never ending trade war tweets and the responses thereon. A week earlier both US and China were throwing tariff rates at each other with deadlines and yesterday they seem to be finding a common ground for further discussion. Time and again gold and Yen have been moving accordingly. This sudden appreciation doesn’t go well for any economy especially when they are export dependant. Inspite of negative interest rates armed with quantitative easing, Bank of Japan may not have many ammunitions to control this appreciation. The next central bank meeting is scheduled on September 18-19 when Bank of Japan’s Governor Haruhiko Kuroda will throw some light on their policy decisions.

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