Japan Slips Into Technical Recession - How Will This Impact the Yen? USD/JPY Analysis
From youtube.com/capitaltradingUSD/JPY has been under pressure in the last week or so after Japan annonced its economy has contracted for two quarters in a row - something many consider as a technical recession. In an interview with Squawk Box Asia on the 15th of February, former member of the Bank of Japan's board Sayuri Shira anticipates that the central bank will abandon its negative interest rate policy in the upcoming spring. However, due to slow economic growth, the bank's ability to counteract the depreciation of the yen will be limited.