USD/JPY: Commerzbank stated that Yen has only partial appreciation potential


Bank of Japan (BoJ) Board Member Toyoaki Nakamura said that it would be premature to tweak the monetary policy. Thus, economists at Commerzbank maintain a bearish bias on the Japanese Yen.

“BoJ Board member Nakamura today once again encouraged the JPY bears. According to his speech text, he said that the BoJ needs to continue with monetary easing persistently. He pointed out that inflation in Japan did not yet have an impact on wages. Hence, next spring’s shift in wages has to be carefully monitored.”

“For the time being, we maintain that no significant turnaround in Japanese monetary policy could be expected in such an environment and therefore see the JPY with only limited appreciation potential.”

This Post Has One Comment

  1. sklep internetowy

    Wow, superb blog layout! How lengthy have you been running
    a blog for? you made running a blog look easy. The overall look of your website is excellent,
    let alone the content material! You can see similar here ecommerce

Leave a Reply

Important Link

Fund Your Deriv Account
Withdraw Funds to Your Local Currency
VIP Trading Signals
Learn To Trade

Contact Us

Follow Us


Forex, Crypto, Options, and Binary Options have both large potential rewards and large potential risks. Therefore, before investing or trading any of the assets, ensure you are aware of and willing to accept the accompanying risks. Do not trade money you cannot afford to lose.

All Rights Reserved. None of the content of this website can be published elsewhere by any means without the prior consent of the owner(s). Please, check our terms & conditions and privacy policy before continuing to use this website.

This website and its owner(s) are not in any way liable for any incurred loss, whether caused by the information provided on this website or otherwise. The use of this website, including the content and information provided, is the user’s sole liability.