Forex forecasts and market outlooks





USD/JPY: general review

The main driver that determined the direction of the movement of the pair for this and the next week was the statement by the board member of the Bank of Japan Yutaka Harada. Investors were alarmed by the statement that the regulator would not take additional steps to the plan to stimulate the economy and increase the rate of quantitative easing. The stimulating plan provides for an injection of 26 trillion yen, including fiscal expenses of 13.2 trillion yen.