Daily News | Caution in Japan

It is only the second day of global binary options trading, but there are plenty of chances to make a profit. If you know where to look, that is. Luckily, we have taken a look at the data so that you do not have to! This Tuesday, we take a closer look at the Japanese yen. From Friday to Monday, the currency rose from $0.0094 to $0.0095. It seems that the Bank of Japan is being cautious, as it held off from expanding stimulus. This happened even though it pushed back its timeframe for hitting its 2% inflation target. The manufacturing activity of Japan was higher than it was in the previous nine months, however. New export orders also picked up, offering some hope for the Japanese economy. Now, we turn to the US dollar. In the same period, the USD fell from €0.9147 to €0.9115. This news comes to us as the Fed is ready to hold rates steady, but it did set the stage for a hike in December, since it seems that the economy is picking up steam. The Fed has been becoming increasingly confident that it would raise rates, with a move being practically guaranteed since employment and inflation continue to strengthen. We will stay up to date with these stories as they develop.

Daily News | Learn everything quickly

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Author: Max Rothstein

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