The Japanese economy proved its recovery from deflation and as CPI numbers showed a 0.4% increase (instead of the predicted 0.2%) the bond yield immediately dropped and the Yen appreciated. The USD/JPY pair fell down below 99.00 due to the weaker U.S. Dollar. Japanese BoJ is using very aggressive monetary policies (also called Abenomics) to pick up the country from deflation and those results were very important for investors if the BoJ is effective. Asian stocks fell because of the strong Yen and Nikkei 225 is losing almost 3%.
Today’s main events
12:30 GMT USD Michigan Consumer Sentiment – Survey where about 500 consumers are asked to rate the relative level of current and future economic conditions.
July 26, 2013 – Binary Options Daily News
The Japanese economy proved its recovery from deflation and as CPI numbers showed a 0.4% increase (instead of the predicted 0.2%) the bond yield immediately dropped and the Yen appreciated. The USD/JPY pair fell down below 99.00 due to the weaker U.S. Dollar. Japanese BoJ is using very aggressive monetary policies (also called Abenomics) to pick up the country from deflation and those results were very important for investors if the BoJ is effective. Asian stocks fell because of the strong Yen and Nikkei 225 is losing almost 3%.
Today’s main events
12:30 GMT USD Michigan Consumer Sentiment – Survey where about 500 consumers are asked to rate the relative level of current and future economic conditions.
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