MG Network

something big isHappening!

In the mean time you can connect with us with via:

Copyright © Money Grows Network | Theme By Gooyaabi Templates

Money Grows Network

Archive

Powered by Blogger.

Welcome To Money Grows Network

Verified By

2006 - 2019 © www.moneygrows.net

Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

Popular

Pages

Expert In

Name*


Message*

Global macro overview for 07/10/2015

Global macro overview for 07/10/2015:

It has been almost a year since the BoJ last stimulus had shocked the markets. Since then, the Prime Minister Shinzo Abe's brave goal of 2% inflation target remains elusive. In today's monetary policy statement, the BoJ has stated that it will conduct money market operations so that the monetary base will increase at an annual pace of about 80 trillion yen. Moreover, the BoJ will purchase Japanese government Bonds (JGBs), exchange-traded funds (ETFs) and Japan real estate investment trusts (J-REITs). Further in the statement, the BoJ said Japan's economy is expected to continue recovering moderately mainly due to a slowdown in emerging markets growth. The Bank of Japan will continue with qualitative monetary easing (QQE), aiming to achieve the price stability target of 2% ,as long as it is necessary for maintaining that target in a stable manner.

The daily technical outlook for USD/JPY hasn't changed much. After the initial decline on last Friday, the market rallied back to the range and is currently trading in the middle of the range. The most important support is seen at the level of 118.60 and resistance at the level of 121.23.

usdjpy_d1.jpg

The material has been provided by InstaForex Company - www.instaforex.com