- #36,883
- Edited 11:21am Sep 9, 2013 10:51am | Edited 11:21am
- Joined Jul 2013 | Status: Trader | 2,603 Posts
Earlier today, the Yen slid after news of Tokyo's winning bid to host the 2020 Olympics. Optimism has been boosted by the bid, in Japanese Prime Minister Shinzo Abe's package of fiscal and monetary policies.
These policies have assisted to weaken the currency by 13% so far in 2013.
Abe said on Sunday that the games would have "good effects on a wide range of areas such as infrastructure and tourism."
Although the Yen tends to strengthen during periods of financial and economic turmoil, it often weakens on positive economic news as expectations rise that investors will move their focus to higher-yielding assets.
In other news, Japan's Cabinet Office said that Japan's gross domestic product has risen by an annualized 3.8% in the second quarter, from three months before.
On the 1st of October, Abe will decide whether to start a planned raise in Japan's sales tax.
Any rise in taxes is expected to facilitate additional easing by the Bank of Japan and boost growth strategies.
Earlier today, the Yen was down against all of its major peers, and fell 0.5% to 99.65 per U.S. Dollar and by 0.5% to 131.25 per Euro. The Euro traded at $1.3173.https://s3.amazonaws.com/93lk3n324kj...t_090913_1.jpg
It's just a report I wanted to share.
These policies have assisted to weaken the currency by 13% so far in 2013.
Abe said on Sunday that the games would have "good effects on a wide range of areas such as infrastructure and tourism."
Although the Yen tends to strengthen during periods of financial and economic turmoil, it often weakens on positive economic news as expectations rise that investors will move their focus to higher-yielding assets.
In other news, Japan's Cabinet Office said that Japan's gross domestic product has risen by an annualized 3.8% in the second quarter, from three months before.
On the 1st of October, Abe will decide whether to start a planned raise in Japan's sales tax.
Any rise in taxes is expected to facilitate additional easing by the Bank of Japan and boost growth strategies.
Earlier today, the Yen was down against all of its major peers, and fell 0.5% to 99.65 per U.S. Dollar and by 0.5% to 131.25 per Euro. The Euro traded at $1.3173.https://s3.amazonaws.com/93lk3n324kj...t_090913_1.jpg
It's just a report I wanted to share. Per aspera ad astra
- #36,884
- Sep 10, 2013 12:19am Sep 10, 2013 12:19am
- | Joined Apr 2009 | Status: Trader | 1,507 Posts
Don't give up
- #36,885
- Sep 10, 2013 1:45am Sep 10, 2013 1:45am
- Joined Jul 2013 | Status: Trader | 2,603 Posts
Per aspera ad astra
- #36,886
- Sep 10, 2013 2:14am Sep 10, 2013 2:14am
- | Joined Apr 2009 | Status: Trader | 1,507 Posts
Now we go 100, then 100.45 and maybe 101.
how many days will it stay glued to BRN before moving in one direction ?.................................
Don't give up
- #36,887
- Sep 10, 2013 2:19am Sep 10, 2013 2:19am
- Joined Jan 2011 | Status: dump and pump | 4,055 Posts
All posts are my personal opinion
{quote} how many days will it stay glued to BRN before moving in one direction ?.................................
it may due for correction to close the weekend gap
“Don't cry because it's over, smile because it happened.â€
- #36,890
- Sep 10, 2013 2:26am Sep 10, 2013 2:26am
- | Joined Apr 2009 | Status: Trader | 1,507 Posts
Don't give up
- #36,897
- Sep 10, 2013 4:09am Sep 10, 2013 4:09am
- | Joined Apr 2009 | Status: Trader | 1,507 Posts
{quote} how many days will it stay glued to BRN before moving in one direction ?.................................
Don't give up
- #36,899
- Sep 10, 2013 4:15am Sep 10, 2013 4:15am
- Joined Jul 2013 | Status: Trader | 2,603 Posts
New HH on GJ at 157.23 - look all the Jen pairs -
Per aspera ad astra
- #36,900
- Sep 10, 2013 4:19am Sep 10, 2013 4:19am
- Joined Jul 2013 | Status: Trader | 2,603 Posts
Per aspera ad astra