Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

Show news:


12.04.2016 06:34

Asian session: The yen has rocketed higher against the dollar

The yen has rocketed higher against the dollar in recent weeks, touching 17-month highs and having gained 11 percent since the Bank of Japan introduced negative interest rates in January.

As the Abenomics plan to revive the economy is partly predicated on a weak currency spurring exports, this has not gone down well in Tokyo. Chief Cabinet Secretary Yoshihide Suga warned on Monday that the Group of 20 rich nations' agreement to eschew competitive currency devaluations was no bar to Japan intervening to stop "one-sided" moves.

With the International Monetary Fund holding meetings later this week, now would be an embarrassing time for Japan to sell yen on currency markets. But to view this as a short-term problem of financial diplomacy is to underestimate the depth of the problem.

Negative interest rates in Japan have spawned negative unintended consequences. Stocks have fallen 13 percent, with banks, whose very business model is undermined, the hardest hit. That has left many with the belief that the Bank of Japan is constrained: neither negative rates nor its massive purchases of stocks and bonds are having the intended effect.


EUR/USD: during the Asian session the pair traded in the range of $1.1400-15

GBP/USD: during the Asian session the pair traded in the range of $1.4225-45

USD/JPY: during the Asian session the pair rose to Y108.25


Based on Reuters materials

12.04.2016 06:25

WSE: Before opening

Market Focus

  • Donald John Trump will be the 45th president of the United States
  • Britain can't get full single market access with free movement concessions - Merkel
  • China: Trade Balance, bln, October 49.6 (forecast 51.7)
  • New Zealand CPI, 3Q: 0.2% q/q (forecast 0%), 0.2% y/y (forecast 0.1%)
January 2017
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 2008
  • 2007
  • 2006
  • 2005
  • 2004
  • 2003
  • 2002

Quotes

All posted material is a marketing communication solely for informational purposes and reliance on this may lead to loss. Past performance is not a reliable indicator of future results. Please read our full disclaimer.

To maximize our visitors browsing experience TeleTrade uses cookies in our web services. By continuing to browse this site you agree to our use of cookies. If you disagree, you may change your browser settings at any time. Read more

  • © 2011-2017 TeleTrade-DJ International Consulting Ltd

    TeleTrade-DJ International Consulting Ltd is registered as a Cyprus Investment Firm (CIF) under registration number HE272810 and licensed by the Cyprus Securities and Exchange Commission (CySEC) under license number 158/11.

    The company operates in accordance with Markets in Financial Instruments Directive (MiFID).

  • The information on this website is for informational purposes only. All the services and information provided have been obtained from sources deemed to be reliable. TeleTrade-DJ International Consulting Ltd ("TeleTrade") and/or any third-party information providers provide the services and information without warranty of any kind. By using this information and services you agree that under no circumstances shall TeleTrade have any liability to any person or entity for any loss or damage in whole or part caused by reliance on such information and services.

  • TeleTrade cooperates with SafeCharge Limited, which is an electronic money institution authorized and regulated by the Central Bank of Cyprus and is a principal member of MasterCard Europe and Visa Europe. We also cooperate with Moneybookers and Neteller, which offer electronic e-wallet services authorized and regulated by the Financial Conduct Authority.

    Please read our full Terms of Use.

  • To maximize our visitors browsing experience TeleTrade uses cookies in our web services. By continuing to browse this site you agree to our use of cookies. If you disagree, you may change your browser settings at any time. Read more

    TeleTrade-DJ International Consulting Ltd currently does not provide its services to residents or nationals of the USA, and also doesn't provide retail Forex and CFD accounts to residents or nationals of Belgium.

Служба технической поддержки:
8-800-200-31-00, support@teletrade-dj.com

  • Онлайн-консультация
  • Заказать звонок
  • Написать письмо
Connect with Us
Share on
social networks
Online
consultant
Request a callback
Top Page