Abenomics

Flat Japan GDP fails to pressure yen; dollar continues to struggle

August 15, 2016 2:08 PM
Preliminary Japanese GDP data (q/q) for the second quarter was released prior to Monday’s Asian trading session, and the results were a significant disappointment. Gross domestic product for the April-to-June period was reportedly flat against prior consensus expectations of a 0.2% increase. This weak economic data could likely help pressure Prime M...

Key 100.00 level looms as USD/JPY continues plunge

August 2, 2016 3:57 PM
USD/JPY resumed its plunge on Tuesday as the dollar continued its recent slide on lowered Fed rate hike expectations and the yen rose despite news that the Japanese government had approved a hefty fiscal stimulus package worth 13.5 trillion yen.

EUR/JPY poised for high volatility on Bank of Japan decision

July 28, 2016 4:55 PM
The Bank of England (BoE), European Central Bank (ECB) and most recently, the US Federal Reserve, have all issued their most recent monetary policy statements in the past two weeks. All of these three major central banks opted for inaction – the BoE and ECB refrained from implementing post-Brexit stimulus measures for the time being while the Fed ag...