USD/JPY Enters Beast Mode
The Japanese Yen hit its highest levels against the US Dollar in well over a year overnight. Something which obviously wont be impressing the Bank of Japan and friend of Forex traders everywhere, Haruhiko Kuroda.
The mans smile pose just works perfectly for the featured image on these articles, just look at the man. Oh wait, thats not him!
Back to business and the runaway strength of the Yen. With the BoJ needing the weaker currency to boost stubbornly low inflation that just seems to be unmovable no matter what they do, this isnt going down well. QE stimulus, even negative interest rates, just nothing is working for them and the constant comments that hit the newswires day after day have certainly lost their bang.
For more information about USD data,check out our website.
The Japanese Yen hit its highest levels against the US Dollar in well over a year overnight. Something which obviously wont be impressing the Bank of Japan and friend of Forex traders everywhere, Haruhiko Kuroda.
The mans smile pose just works perfectly for the featured image on these articles, just look at the man. Oh wait, thats not him!
Back to business and the runaway strength of the Yen. With the BoJ needing the weaker currency to boost stubbornly low inflation that just seems to be unmovable no matter what they do, this isnt going down well. QE stimulus, even negative interest rates, just nothing is working for them and the constant comments that hit the newswires day after day have certainly lost their bang.
For more information about USD data,check out our website.
Attached Image
Australian Forex Broker - Try a Vantage FX RAW ECN Account Today.