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

Wall Street closed lower on Tuesday, in light of investors’ concern about the Federal Reserve raising interest rates and amid increasing talk of an expected recession. Stocks pulled their indic
12-2022 07 02:24:50

The US stock markets ended Monday’s trading on a decline, pulling the stock indices downwards, and recording losses in each of the following sectors : the oil and natural gas sectors, the finan
12-2022 06 02:51:29

The dollar fell broadly on Monday after a difficult week, after more Chinese cities, including financial hub Shanghai and Urumqi in the far west, announced easing restrictions related to Covid-19, wh
12-2022 05 03:14:06

After the speeches delivered by Federal Reserve Chairman Jerome Powell, announcing that the interest rate will rise by 50 points instead of 70 points, gold prices rose by more than 2% to reach levels
12-2022 02 03:06:59

US Federal Reserve Chairman Jerome Powell announced the decision to slow the rate of interest rate hikes, starting in December, and stated that inflation is still very high, and that interest rates w
12-2022 01 02:57:28

More News