1. Hello Guest Do you know binary.com offers exclusive $20 No Deposit Bonus for FX Binary Point visitors? Click here to sign up

USD/JPY: bullisg bias in weak Japanese inflation - Scotiabank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 27, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Joined:
    Oct 7, 2015
    Messages:
    27,524
    Likes Received:
    0
    FXStreet (Guatemala) - Analysts at Scotiabank explained that the Japanese data released overnight saw the unemployment rate fall three tenths to 3.1% ‐ a 20‐year low—while headline inflation edged up slightly to 0.3% Y/Y.

    Key Quotes:

    "Core inflation eased to 0.7% Y/Y, down from 0.9% in September and a little below market expectations, suggesting that a weak inflation environment persists. Household spending retreated 2.4% Y/Y in October.

    Low price growth and weak spending suggests slow growth/low inflation will persist and pressure for more stimulus (fiscal or monetary) remains high. The contrast with Fed tightening should be supportive for USD/JPY."
    For more information, read our latest forex news.
     

Share This Page