Tatsiana Ketrar
The Bank of Japan keeps monitoring the situation in the currency market. The Japanese Finance Minister Asumi is sure that the central bank will lower the interest rates down to 1% in the near future.
The analysts at Bank of Tokyo-Mitsubishi UFJ are sure that investors’ interest in safe haven assets will have a more substantial impact on the Japanese yen than the BoJ’s quantitative easing.
Forex.
According to , the Japanese Yen keeps strengthening against the US Dollar. USDJPY has just finished forming sub-wave А(С)/С inside wave С(С) of Н16. A break below 80.57 will elongate the downswing А(С)/С.
The closest major level of support is 80.08. The downtrend will be completed as soon as the price breaks above 81.42.
Tatsiana Ketrar
