7th August 2013
YENLYTICS
In Asia investors are sitting on their hands as we have 2 days of economic data from the Bank of Japan finishing with the BOJ monthly economic report on Thursday. The BOJ is firmly expected to leave monetary policy alone even though it is still far away from reaching its 2% inflation target.
It was so much easier to judge the USDJPY trade when Shinzo Abe was being vocal. He would tell us he will do what it takes to get some sort of inflation, so all you needed to do was click the BUY button. However after analysts’ predictions of 110.00 and higher it all turned out to be all talk with very little reall foundation behind it.
If we get weak rhetoric from the BOJ Prime Minister in terms of their correcting excessive YEN appreciation we could see 94.00 in a flash.
亚洲投资者今日没有什么举动,我们在等待周四日本央行的月度经济报告。日本央行坚持他们的货币政策,即使他们距离2%的通胀目标还很遥远。
每当安倍晋三发话,日元走势就容易判断了。他会告诉我们,他将做些事情,引起一些通胀,所以你只需买入即可。然而在预期将达到110.00之后,每次的回调并不大。
如果日本央行的报告表明,他们要修正宽松的日元政策,那美元/日元可能迅速跌至94.00。