Lot of talk of the Japanese central bank increasing it’s already very large QE program.
For sure we know the country has a decades long deflation problem and the central bank has made clear it’s intention to get inflation up to around 2%, obvious effect on the currency is to weaken, which also helps import inflation.
Looking at the charts the price has touched its lower boundary on the weekly Ichimoku cloud, a close this Friday above the cloud span B line could indicate a reversal of trend, whereas a close below it (136.8165) could give way to more action on the downside.


You must be logged in to reply to this topic.