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Mid-Day Report: Yen Surges as Markets Dissatisfied With Stimulus Package

Discussion in 'Fundamental Analysis' started by Angela_Riplay, Aug 2, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

    Sep 9, 2015
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    Yen surges broadly as markets are disappointed by prime minister Shinzo Abe's stimulus package. The total package approved today is worth JPY 28T, the largest since the global financial crisis. However, direct spending only accounts for JPY 7.5T, that is, around 1/4 of the total. For the current fiscal year,[​IMG]

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