Daily News | All eyes on Japan

In the Far East, after the elections, the predicted financial stimulus by the Japanese government was speculated to be up to 10 trillion yen. Now, after Prime Minister Abe has been elected, the fiscal package is anticipated to reach at least 20 trillion yen. Frederic Neumann, co-head of Asian economic research at HSBC in Hong Kong, gave a statement on Friday saying that anything except helicopter money is currently possible in Japan. Meanwhile, the U.S. dollar is still going up against the yen – around 0.3 percent at 106.10 yen. Furthermore, the Bank of Japan has suffered another blow, this time concerning consumer prices. The expected rise is 1.4 percent for fiscal 2017, well below the 2 percent target they set up for the fiscal year ending in March 2018. Also, on July 25th, trade balance data report is expected to show exports fell 11.6 percent in June as opposed to last year.

Down in the southern hemisphere, the Reserve Bank of New Zealand is facing difficulties. They are trying to ease their policy, and to do so, had to expand their macro LVR restrictions nationwide. Meanwhile, the European markets are stabilizing. The latest Purchasing Managers’ Index (PMI) surveys in the euro zone are finally showing optimistic results, just as we predicted yesterday, and the pound rose higher against both euro and dollar. Lastly, the euro rose slightly against the U.S. dollar at $1.1022.

Daily News | Trade Today

After reading our daily foreign exchange news, check out Boss Capital! They’re a company we’ve reviewed thoroughly and can’t reccommend them enough. Once you get a taste of trading with Boss Capital, you’ll be hooked! They offer an ingenious trading platform and a plethora of account types suited for everyone. We were also extremely satisfied with their customer support, which you can read about in our Boss Capital Customer Support review. Investing with Boss Capital is completely safe and secure, so don’t hesitate and open an account!


Recommended reading

Author's overall rating:
Author: Max Rothstein

BinaryOptionsTrading-Review.com has taken reasonable measures to ensure the accuracy of the information in the website, however, does not guarantee it. The data exhibited in this website is not necessarily always real-time or completely accurate; this includes market analysis, forecasts, signals, assets’ price quotes and charts. Readers should not treat any opinion expressed by the authors of BinaryOptionsTrading-Review.com as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of their current opinion. The risks involved in trading binary options are high and may not be suitable for all traders. BinaryOptionsTrading-Review.com doesn't retain responsibility for any losses readers might face as a result of using the information presented in this website. This website is owned by Next Media Corp.
In accordance with FTC guidelines, BinaryOptionsTrading-Review.com has financial relationships with some of the products and services mentioned on this website. BinaryOptionsTrading-Review.com may be compensated if consumers choose to click links in our content and ultimately sign up for mentioned products.
Binary options are not promoted or sold to retail EEA traders. If you are not a professional client, please leave this page.