JPY looks to Trump-Abe – BTMU

Currency Analyst Lee Hardman at BTMU assessed the upcoming meeting between President D.Trump and PM S.Abe, with potential implications for the Japanese currency.

Key Quotes

“The main focus in the week ahead for the yen will be the upcoming meeting scheduled on the 10th February between President Trump and Prime Minister Abe. It follows comments from President Trump last week in which he stated that Japan was devaluing its currency through loose monetary policy. Japan will seek to reassure President Trump that they are not deliberately devaluing their currency, and that loose monetary policy is aimed at defeating deflation”.

“The meeting poses some upside risk for the yen which would be sensitive to any further criticism of the BoJ’s loose monetary policy. The yield on the 10-year JGB remains under upward pressure in the near-term which reflects building doubts over the sustainability of maintaining their target at around 0%. The BoJ unexpectedly purchased a further JPY450 billion of five-to-ten yen bonds overnight. It brings cumulative purchases to just over JPY1.6 trillion over the last two days which is the fastest pace since QQE was introduced”.

You may be interested

Allianz
shares19 views

Insurance Giant Allianz Is Testing a Token to Move Money Internally

Brian Evans - Apr 19, 2018

Allianz is testing a blockchain token to move money between its global affiliates.

Crypto
shares32 views

SEC Subpoenas Riot Blockchain Over Cryptocurrency Plans

Brian Evans - Apr 19, 2018

Various worrisome trends involving blockchain technology exist as of right now. One of the more popular solutions for struggling firms is to announce blockchain or cryptocurrency plans.…

Altcoin News
shares21 views

Social Snafu: Twitter Verifies a Scam Verge Cryptocurrency Account

Brian Evans - Apr 19, 2018

The official Verge account, meanwhile, has yet to get its blue badge. A fraudulent Twitter account is making the rounds in the cryptocurrency market, with anonymous cryptocurrency Verge…

Most from this category

%d bloggers like this: