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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 

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