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JPY Tumbles Amid BoJ's Announcement

Discussion in 'Fundamental Analysis' started by Angela_Riplay, Apr 22, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

    Sep 9, 2015
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    In Asia USD/JPY jumped more than 1% to 110.50 after the BoJ announced it was discussing negative-rate loans to financial institutions together with another rate cut. Sperately, Japan's manufacturing PMI printed at 48 in April, missing estimate of 49.5 and below previous reading of 49.1. The Japanese currency fell to[​IMG]

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