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.

Free Trading Guides
EUR/USD
Mixed
Oil - US Crude
Mixed
Wall Street
Bearish
Gold
Mixed
GBP/USD
Bullish
USD/JPY
Mixed
More View more
Real Time News
  • OPEC reportedly moves up oil production meeting to June 4 #OOTT
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.69%, while traders in US 500 are at opposite extremes with 75.44%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/uuUtwe3YrJ
  • Technical Trade Levels: #Dollar, $EURUSD, $USDCAD, $AUDUSD, #Gold, #SPX and more! (Webinar Archive) - https://t.co/3UevjO8Lil
  • Commodities Update: As of 16:00, these are your best and worst performers based on the London trading schedule: Silver: 2.04% Gold: 0.55% Oil - US Crude: -1.48% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/5jVWooiTee
  • GBP/USD IG Client Sentiment: Our data shows traders are now net-short GBP/USD for the first time since May 06, 2020 when GBP/USD traded near 1.23. A contrarian view of crowd sentiment points to GBP/USD strength. https://www.dailyfx.com/sentiment https://t.co/wyWpKN83H2
  • Forex Update: As of 16:00, these are your best and worst performers based on the London trading schedule: 🇦🇺AUD: 1.79% 🇨🇦CAD: 1.33% 🇳🇿NZD: 1.31% 🇪🇺EUR: 0.20% 🇯🇵JPY: 0.19% 🇨🇭CHF: 0.03% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/q2qAPkPXZi
  • Indices Update: As of 16:00, these are your best and worst performers based on the London trading schedule: US 500: 0.29% Wall Street: 0.27% Germany 30: 0.08% FTSE 100: -0.00% France 40: -0.01% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/vHF9F2qb4Z
  • Happy Monday traders! What does the new month bring? Are we looking at positive sentiment but not much momentum❔ What are the market highlights heading into New York open? Find out from @DailyFX Chief Strategist, @JohnKicklighter 👇 https://t.co/xaHZXjZdZr
  • US Treasury Secretary Steven Mnuchin to hold call with G-7 finance ministers on Wednesday per his public schedule $DXY
  • Overlay that with google search terms for “protest” and “riots” and you see a similar uptick. Last time we saw a surge in these search terms was back in August 2019 and we saw a lot of volatility ensue shortly after. https://t.co/ZXAkgRWfAB
Yen Prices Continue to Fall As BOJ Fights Deflation

Yen Prices Continue to Fall As BOJ Fights Deflation

2013-04-26 00:33:00
Jason Shemtob,
Share:

THE TAKEAWAY: Japan’s CPI figures show continued deflation in prices > Yen movement should continue to be led by BOJ policy > Yen Outlook: Bearish

Japan’s latest inflationary figures (YoY) came in at or around expectations, with the nation’s core CPI showing -0.9% growth in April versus expectations of -0.8% and -0.7% growth seen a month prior. The less volatile CPI measure, excluding Fresh Food and Energy, met expectations at -0.8% growth. The Yen did not react significantly to deflationary data, with the USDJPY at 99.33 as of this report.

New to FX? Watch this free introductory course.

As with any other economic data coming out of Japan, the affect of the CPI on the Yen’s movement is minimalized by the “Abenomics” sentiment that surrounds the Japanese currency. The Yen is likely to remain held down by the Bank of Japan’s aggressive monetary policies, which are expected to continue in the long-term. That being the case, future CPI data (along with other economic measures) may be used as a signal for BOJ policymakers to adjust their stimulus efforts. In the short-term investors should focus on BOJ rate decisions and their accompanying commentary.

Yen_Prices_Continue_to_Fall_As_BOJ_Fights_Deflation_body_Picture_1.png, Yen Prices Continue to Fall As BOJ Fights Deflation

Created by Jason using MarketScope 2.0

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

DISCLOSURES

News & Analysis at your fingertips.