USD/JPY: comments by the Fed were positive for the dollar

USD/JPY: comments by the Fed were positive for the dollar

29 August 2016, 14:12


 At the last in the Jackson Hole Symposium BOJ head Haruhiko Kuroda said already familiar phrase, saying the central bank is "not hesitate" to take additional mitigation measures to achieve the target level of inflation in Japan.

However, the more dynamic the dollar gave the Fed in the US Representatives on the prospects for monetary policy until the end of the year. According to many participants of the financial market, Yellen statements contained contradictory intonations relative to the US monetary policy outlook. "Based on these prospects the Federal Reserve's economy continues to consider appropriate to a gradual increase in rates over time", - said Yellen. More confidence investors have given comments the Fed vice Chair Stanley Fischer, who believes that the US central bank may raise interest rates next month. However, Fischer added that "we can not say that, until we see the data."

USD / JPY The pair on the comments by the Fed jumped 130 points on Friday, and now the pair continued to rise. The pair USD / JPY during Asian trading strengthened to 102.30, the highest since 12 August.

USD / JPY The pair may still rise before the Fed meeting and the Bank of Japan on September 20-21 at the differences in the stance of monetary policy in the US and Japan. However, in the future, according to many economists, the dollar continues to weaken against the yen.

Today at 23:30 (GMT) macro data published by Japan in July (household spending, unemployment, retail sales in Japan - the most important indicators of the level of inflation and Japan's labor market). Expected is high volatility in trading not only on the yen, but throughout the Asian stock markets.


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