FX & CFD trading involves significant risk
The yen strengthened against the dollar, departing from the weakest level since June 2010, as officials of the Bank of Japan began its two-day meeting.
Note that in the last month, Japan's currency fell 5.9% against the dollar on speculation that the Bank of Japan, under pressure from the government to increase the incentive program to pull the economy out of recession.
As it became known, most economists predict that the Bank of Japan will increase its program to purchase assets worth 10 trillion yen increase. Recall that Abe also stands for the same increase in incentive programs, and calls for the central bank to double its inflation target of 2%.
Frank continued to strengthen against the euro Friday after last week, it fell to the lowest level since the moment when the Swiss National Bank imposed restrictions on the currency in 2011.
The pound rose against the dollar, which has been associated with the publication of the data, which showed that house prices in the UK rose in January, along with the number of new sellers, as well as improved mood among market participants. According to the report, housing prices in the first week of January rose 0.2%, compared with a fall of 3.3% in December. At the same time, annualized prices were 2.4% higher than during the same month last year.
The euro was little changed against the dollar, even though the fact that the data showed that producer price inflation in Germany rose in December, but at a slower pace than expected.
It is learned that the price of industrial products rose an annualized 1.5%, compared to growth of 1.4%. Note that the annual growth rate is projected to have been 1.7%. At the same time, in monthly terms the index of consumer prices fell by 0.3%, compared with a fall of 0.1% in the past month, as well as experts' expectations at 0.0%
|remaining time till the new event being published|
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.