Saturday 17 June 2017

The dollar continues to grow against the yen after the decision of the JCB

The US dollar continued its strong appreciation against the yen. The Japanese central bank has kept its ultra-stimulation program unchanged.
The dollar index dropped by 0.1 percent to 97.461, compared to 97.48 in the US session. The index is headed for an increase of 0.2% this week.
However, the dollar's growth continued against the yen after the Japanese central bank decided to keep its stimulus policy on Friday. By voting 7 against 2, the bank continued to maintain negative interest rates of 0.1%. The dollar rose to a trading level of 111.40 yen. For comparison, on Thursday, the currency pair traded about one yen down.
The Japanese bank said it expects the Japanese economy to continue its recovery, backed by a policy of mild monetary policy.


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