News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
Oil - US Crude
Wall Street
More View more
Real Time News
  • Central banks often deem it necessary to intervene in the foreign exchange market to protect the value of their national currency. Learn how central bank intervention can impact your trading here:
  • In the week ahead, around 25% of S&P 500 companies will release their results, including GE, Johnson & Johnson, 3M, Microsoft, Boeing, AT&T, Facebook, Apple, Tesla, Visa and Amazon. Read more on my earnings outlook report.
  • Wall Street Futures Update: Dow Jones (+0.20%) S&P 500 (+0.28%) Nasdaq 100 (+0.51%) [delayed] -BBG
  • Nearly 80% of the S&P 500 constituents closed in the red on Friday, dragged by materials (-0.43%), financials (-0.38%) and energy (-0.34%) whereas defensive utilities (+0.20%), real estate (+0.15%) and communication services (+0.02%) outperformed.
  • Traders focus a lot of their energy on spotting the perfect time to enter a trade. While this is important, it is ultimately where traders choose to exit trades that will determine success. Learn about the three types of trading exit strategies here:
  • There are three major forex trading sessions which comprise the 24-hour market: the London session, the US session and the Asian session. Learn about the characteristics of each session here:
  • RT @GunjanJS: This is pretty wild. Last year, in RECORD year for options, about 30 million contracts traded daily. This year, it’s been mo…
  • Implementing a trading checklist is a vital part of the trading process because it helps traders to stay disciplined, stick to the trading plan, and builds confidence. Learn how to stick to the plan, stay disciplined, and use a checklist here:
  • What are some technical and fundamental factors affecting the equities market? Get your free forecast here: #DailyFXGuides
  • Use this technical analysis pattern recognition skills test to sharpen your knowledge:
BOJ Increased Monetary Easing Efforts Pushing Yen Lower

BOJ Increased Monetary Easing Efforts Pushing Yen Lower

Gary Kerdus,

THE TAKEAWAY: BOJ increased their Asset Purchase Program by 10 trillion Yen > BOJ will continue to provide strong monetary support to support growth and smooth financial system > Yen trades lower.

The Japanese Yen traded lower versus its major counterparts as the Bank of Japan announced an additional 10 trillion yen of asset purchases in an attempt to provide support to the economy by conducting monetary policy in an “appropriate manner”, according to the released policy statement. The bank also decided to keep their key borrowing rate unchanged at 0.10 percent.

The central bank also noted the additional purchases are scheduled for completion by 2013 and should consist of 5 trillion yen of treasury discount bills and 5 trillion yen of Japanese government bonds.

While Japan's economy grew at a modest pace in the first half 2012, the rate of growth has recently slowed as overseas economies moved “deeper into a deceleration phase,” according to the BOJ. On balance, it appears the bank will continue to provide easing measures as necessary to keep the Japanese financial system operating within a stable keel and bolster domestic growth throughout the economy.

Traders seemed to bid up the Australian Dollar versus the Yen as additional asset purchases by the central bank should result in an increase in the supply of yen which could debase its value. Moreover, the Australian Dollar is a higher yielding currency and traders can thus earn a greater rate on their investments when paired with the lower costs of funding in Yen.

AUD/JPY, 5 Minute Chart

BOJ_Increased_Monetary_Easing_Efforts_Pushing_Yen_Lower_body_Picture_1.png, BOJ Increased Monetary Easing Efforts Pushing Yen Lower

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.