The Yen got stronger this morning. Overview for 21.01.2020
USDJPY is falling on Tuesday morning; demand for “safe haven” assets is reviving.
The Japanese Yen is strengthening against the USD on Tuesday. The current quote for the instrument is 109.94.
The first BoJ meeting of the year was over today. It introduced no changes in the regulator’s monetary policy, but market players paid attention to the revision of the country’s GDP upwards and the decreased inflation target.
However, the key interest rate remained at -0.1%.
Well, according to the Bank of Japan, the country’s economy will continue to expand but too fast. Probably, in the future, the economy may face a global recession. There is an impulse to boost the country’s inflation towards 2.0%, but it’s not very strong.
Capital markets, which are rallying at the moment, still have no excessive bullish expectations. Risks of economic destabilization are rated as low because financial institutions have enough capital base.
Right now, the Consumer Price Index in Japan is about 0.5%.
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