Not so long ago, a new governor of the Bank of England was appointed, thereby focusing investors’ attention on the forthcoming changes in the banks’ monetary and fiscal policies.
Market participants were ready for the changes in the BOJ management. Therefore, analysts say the market has already taken it into account.
According to the RBC, the first press conference conducted by the new management gave everyone to understand that the Bank of Japan was going to pursue the monetary easing started by the preceding board of directors.
Forex.
According to , the Japanese Yen keeps strengthening against the US Dollar. The experts report that USDJPY is forming a downswing represented by wave А/В of level H16 or higher.
A further downswing (below 93.52) will give way to further lows around 93.43, 93.10, 92.89 . The current bearish move will be completed as soon as the price overcomes the top of the MF sloping channel and consolidates above 96.10 (as shown below).
