• Register

Stock market analytics, financial forecasts

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

The yen is trading at a 20-year low to dollar on the softer policy of the Central Bank of Japan


June, 07 2022
watermark Economic news

According to trading data, the Japanese yen is trading at a twenty-year low against the dollar amid a softer monetary policy of the central bank of Japan.


On Tuesday morning, the yen fell against the US dollar to 132.77. Earlier in the course of trading, the Japanese currency fell even lower against the dollar – to the minimum of April 2002.


Economists note that the weakening of the yen against the dollar is due to the rhetoric of the Central Bank of Japan. The regulator intends to maintain the current soft parameters of monetary policy, while the US Federal Reserve makes more «hawkish» decisions on the discount rate. 


On the eve of the deputy head of the central bank Masazumi Wakatabe said that it is necessary to patiently continue easing monetary policy, without excluding the possibility of additional easing. 


In addition, yesterday, the head of the Bank of Japan, Haruhiko Kuroda, said that the priority for the regulator is to support the economy and commit to maintaining monetary stimulus. He noted that the economic situation in Japan today does not require tightening of monetary policy at all, since the economy is still in the process of recovering from the effects of the pandemic.


Top Top