Analytical Reviews

Get the latest economic news from ForexMart, including updates on the financial market, central bank policy announcements, financial indicators, and other relevant news which can impact the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

The yen is strengthening after a sharp decline against the dollar


April, 29 2024
watermark Economic news

The exchange rate of the Japanese yen against the US dollar continues to strengthen, reaching 155 yen, which represents a noticeable improvement after falling to the lowest value in the last 34 years, which exceeded 160 yen. 


Market experts suggest that this strengthening may be the result of currency intervention carried out by the financial authorities of Japan, although official information about this has not yet been received.


The main reason for the continued decline in the national currency is the continuing gap in interest rates between Japan and Western countries, where rates were raised as part of the fight against inflation. At the same time, in Japan, where the negative effects of deflation are being fought, the authorities are striving to achieve the 2% inflation target by stimulating the economy through low rates. This makes investments in assets denominated in dollars and euros more attractive than investments in products denominated in yen.


On March 19, the Japanese regulator for the first time in a long time abandoned the practice of negative rates, setting them at a level from 0% to 0.1%. However, according to experts, the pace of further rate increases will be negligible. Against the background of the continued weakening of the yen, investors were closely monitoring the possibility of currency intervention by the Japanese financial authorities. Finance Minister Shunichi Suzuki noted that he does not rule out taking any measures to counter excessive currency fluctuations.


コメントする

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
defer(function(){ $("#cookies_modal").modal('show'); setCookie('fm_cookies', 'agree'); $(document).on('click', ".fm_cookies", function () { $("#cookies_modal").modal('hide'); setCookie('fm_cookies', 'agree'); }); }); function setCookie(key, value) { var expires = new Date(); expires.setTime(expires.getTime() + (10 * 365 * 1 * 24 * 60 * 60 * 1000)); document.cookie = key + '=' + value + ';expires=' + expires.toUTCString(); }
Risk Warning:
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.