Hello dear friends, Today once again USDJPY has reached the mark of 150.000, at the time of writing the article, the price is still steadily increasing to 150.42 and has risen by 0.93% in a day.
Perhaps this is what we are most concerned about right now, whether USDJPY can maintain this level or will it turn around and decrease like before. In monetary policy decisions, the BoJ kept interest rates unchanged at a negative 0.1% as expected by market participants, and this is a favorable condition for the USDJPY pair.
The Japanese economy is trying to maintain inflation above 2% consistently, but the main pressure on prices comes from external factors. The BoJ is concerned with maintaining inflation at the target of 2% comfortably through higher wage growth, and continuing with an expansionary policy stance is crucial.
Perhaps this is what we are most concerned about right now, whether USDJPY can maintain this level or will it turn around and decrease like before. In monetary policy decisions, the BoJ kept interest rates unchanged at a negative 0.1% as expected by market participants, and this is a favorable condition for the USDJPY pair.
The Japanese economy is trying to maintain inflation above 2% consistently, but the main pressure on prices comes from external factors. The BoJ is concerned with maintaining inflation at the target of 2% comfortably through higher wage growth, and continuing with an expansionary policy stance is crucial.
Trade active
Trade closed: target reached
