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06.03.2020 USD/JPY Daily Analysis
USD/JPY is continuing to go down. In the morning it went down with 0.96. It was 106.16 before, now it's 105.20. The pair is continuing to go d
Yazar: Zack Smith
Yayınlanma: 6 Mart 2020 20:00
Güncellenme: 17 Kasım 2024 18:23
06.03.2020 USD/JPY Daily Analysis
USD/JPY is continuing to go down. In the morning it went down with 0.96. It was 106.16 before, now it's 105.20. The pair is continuing to go down because investments by foreigners fell -755 billion JPY during the week of February 29, unlike the prior week it went down 68.1 billion. This was a big negative hit on the JPY currency because this is the biggest withdrawal of funds from Japanese stocks since September 22, 2019. More so in as much as the US is weak JPY is continuing to go down because Foreign bond investment also fell by -489.7 billion during the week of February 29 unlike the week earlier than that which was +656.3 billion. Now everyone is waiting for the Bank of Japan meeting which is going to be held on March 18 and 19 to provide further stimulus.İLGİLİ HABERLER
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