Wednesday 27 April 2016

USDJPY. Key event – Japan CPI and unemployment rate report (April 28, 02:30 GMT +3)

Due to certain issues in the Asian region, especially in China, investors have started to shift assets to the Japanese yen, considered to be a protective asset. That resulted in strong growth of the yen's value, which allowed for Bank of Japan representatives to seize the moment and take unpopular measures to accelerate inflation. As in the Eurozone, inflation in Japan is kept near zero, and the Bank of Japan handles similar issues with the acceleration of inflation. If it grows, it positively influences the yen's value. Read more...http://www.darbasinternete.net/forex-trading-news/params/post/848094/

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