OctaFX | OctaFX Forex Broker
Open trading account
Back

JPY weakens over the fate of Sales tax hike - TradeTheNews

FXStreet (Barcelona) - The TradeTheNews Research Team comments on the Japanese Yen briefly weakening once again after another dose of speculation over the fate of the 2nd round of the sales tax.

Key Quotes

“USD/JPY jumped about 30pips above 115.80 on Jiji report citing a ruling LDP party official, stating PM Abe appears to have made a decision to call snap elections, informing his party base to be prepared for December polls. Japan cabinet has now been forced to deny such rumors twice in the scope of the past week. “

“Separately, BOJ's Amamiya said the central bank's easing is an open-ended policy position targeting 2% inflation, and that the central bank is not concerned with the risk of hyper-inflation.”

AUD slides on RBA intervention chatter – TradeTheNews

The TradeTheNews Research Team suggest that the Aussie dollar fell 55pips toward $0.8670 due to the RBA assistant Gov Kent’s remarks of a currency intervention.
Read more Previous

GBP/USD sold after the BOE inflation report - Commerzbank

Karen Jones, Head of Technical Analysis at Commerzbank sees GBP/USD under pressure after it sold off due to the BOE inflation report.
Read more Next
Start livechat