JPY July

JPY 8th-12th July Fundamental Report

News and economic event analysis disclaimer: This fundamental report is not advice or a recommendation to trade or invest, it is educational and general information only. Don’t blindly buy and sell the markets/products discussed in this article, do your own research and be aware of the risks and rewards.

JPY Main Focus This Week: 

  • Economic Data Type: none
  • Server Time: none
  • Quick view: none

Quick View: Dovish

  • The Bank of Japan (BOJ) maintained its interest rates and monetary policy in April 2019 at -0.1% and maintained a 10-year government bond yield target at 0%.
  • The next BOJ meeting is July 30, 2019.
  • BOJ’s economic data is the Consumer Price Index and the Gross Domestic Product.
  • Policymakers warn that the risk of a drop in the economy abroad may be huge. Therefore, the focus should be on the impact on the firm and household sentiment.

Main Economics Data of BOJ

  • Japan’s consumer price inflation dropped to 0.7% year-on-year in May 2019 from a six-month high of 0.9% in the previous month and in line with market consensus.
  • The Japanese economy grew by 2.1% on an annual basis for the first quarter of 2019, after the 1.6% increase in the fourth quarter of 2018.

Expected Bias: JPY Bearish

  • There has been no change in Bank of Japan’s monetary policy, warning that the risk of the global economic downturn may be huge.
  • Asian market sentiment today rose as investors were optimistic of US-China trade negotiations while global crude oil prices also rose following US and Iran tensions.

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