Start the new week at Forex only strengthened trends that operated for the past months. Investors are more boldly flirt with the Japanese Central Bank - the yen is at a maximum for the past 15 years. Meanwhile, Japan's economy does not feel better over the past decade and a half way. However, the measures taken by the central bank of the country in the foreign exchange market, causing the players a smirk.
Monday, 30 August, held an emergency meeting of Japanese securities in which it was decided to increase the funds available to banks at a fixed rate, from 20 trillion to 30 trillion yen (351 billion U.S. dollars). In general, this measure can be called a cosmetic, so it is unclear why it took to convene an emergency meeting. More aggressive actions, such as the purchase of Japanese government bond or a decrease in rates from 0.1% to zero, have been postponed until later. But would not it be then too late?
Of course, the most aggressive-minded players exchange market continued to buy yen, and on Tuesday, 31 August, its strengthening is already the second consecutive session. At 9:00 Moscow time the dollar was worth 84.25 yen, and while the reasons for the reversal of this trend is not visible. Moreover, judging by the dynamics of pair euro / dollar, bidders continue to leave the risky assets. So, by that time, one euro was worth 1.2655 dollars, indicating the strengthening U.S. currency. However, for many, and the dollar is the risky asset, so in this situation yen could continue to grow even more vigorously.
