The yen is stabilizing
24.12.2014
The Japanese yen seems willing to take advantage of a pause, which is about to come to the capital markets. Starting on Wednesday the Catholic world starts to celebrate Christmas. The US and European stock exchanges will be closed until Friday, and important developments in the macroeconomic calendar, except for the Japanese reports are not expected.
This morning it became known that Abe was re-elected to the post of Prime Minister of Japan. The politician is still the head of the Liberal Democratic Party. The victory won with a huge margin on the opponent, Mr. Okada.
This means that the monetary policy that the former Cabinet supported entirely will continue to be the same.
It is quite possible that in the beginning of January, the USD/JPY will return to 121.0. While the market is "thin" and volatile, the volumes will be small, and it can give the yen more opportunity to adjust.
RoboForex Analytical Department
This morning it became known that Abe was re-elected to the post of Prime Minister of Japan. The politician is still the head of the Liberal Democratic Party. The victory won with a huge margin on the opponent, Mr. Okada.
This means that the monetary policy that the former Cabinet supported entirely will continue to be the same.
It is quite possible that in the beginning of January, the USD/JPY will return to 121.0. While the market is "thin" and volatile, the volumes will be small, and it can give the yen more opportunity to adjust.
RoboForex Analytical Department
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.