Categories

July 13, 2016

FXNet Market News on 13/07/2016 -Risky markets help JPY-

Yen remains weak from Abe’s re-election.

FXNet - What's now?

We are no longer promoting FXNet. The information regarding to FXNet on the website 'Hercules.Finance' maybe outdated. ref. FXNet

This article is originally referred from FXNet Market News.

The Yen plummeted against most major currencies extending its weak string since Shinzo Abe was re-elected to remain Prime Minister. The Japanese currency was at its worst performance since November of 2014.

A slight boost came across the currency’s way as global markets were rattled by a disappointing June Job’s report in the US, and Britain’s uncertainty following the BREXIT.

USD/JPY was at a session low of 103.95 and EUR/JPY was at 116.02 yen.

The meeting between former US Federal Reserve Chair Ben Bernanke and Japanese leaders had markets hoping it would lead to financial aid to finance government budgets and fight deflation, however Chief Cabinet Secretary Yoshihide Suga dismissed the possibility.

Abe has ordered a new round of fiscal stimulus spending as he’d promised in the path he took to re-election, which limited gains the Japanese yen saw from investors who turned to the safe haven, moving away from volatile markets.

“Globally we are seeing an environment where investors are buying riskier assets and that is putting the yen under pressure” Petr Krpata, currency strategist said, “There is a lot of expectations of some mega stimulus from Japan. If they disappoint, we could see the yen bounce back”.

Original Source: FXNet Market News

All Forex Brokers

  • IFC Markets
  • FxPro
  • IronFX
  • Axiory
  • FBS
  • Land-FX
  • MyFX Markets
  • Titan FX
  • Traders Trust
  • XM
  • LMFX
  • FXDD
  • ForexClub
  • KVB Kunlun
  • Tradeview
  • EightCap
  • FXOpen
  • HotForex
  • FXGiants
  • LQDFX
  • Fortrade
  • CM Trading
  • InstaForex
  • FXPRIMUS
  • ForexMart
  • Valutrades
  • AvaTrade
  • Yadix
  • RFXT
  • easyMarkets
  • JustForex
  • Swiss Markets
  • FXTM
  • HYCM
  • FP Markets
  • SimpleFX
  • IC Markets
  • Evolve Markets
  • Tickmill
  • Markets.com
  • Z.com Trade
  • UFX
  • Anzo Capital
  • LiteForex
  • 4xCube
  • OctaFX
  • Tifia
  • XTB
  • AAAFx
  • NordFX
  • FXGlory
  • Capex
  • ClickTrades
  • TopstepFX
  • HotForex ZA (South Africa)
  • XMTrading

All Crypto-Currency Exchanges

  • CEX.IO
  • HitBTC
  • Paxful
  • BitMEX
  • C-CEX
  • Binance
  • Cryptopia
  • YObit
  • Wisebitcoin
  • Bibox
  • BKEX
  • CoinPark
  • CoinEx
  • IRONX
  • CoinField
  • bybit
  • Bitpanda

This website uses cookies

By using our site, you acknowledge that you have read and understand our Privacy Policy (Cookie Policy), and our Terms of Service.