JPY Daily News

Japan Enters Recession; JPY Beginning to Lose Strength

Despite a small rise in the value of the JPY during early trading, Japan's economy appears to be under immense pressure lately and the JPY has now descended to 97.50 against the USD. The declaration that Japan is indeed entering its first recession since 2001 came as a surprise to economic analysts as many were forecasting a small expansion this past quarter. When growth was not forthcoming, it became apparent to the Bank of Japan (BoJ) that further financial stimulus, and possibly another interest rate cut, could be in the works.

Because of a decrease in exports and the global economic deceleration, analysts are forecasting Japan's economy to continue its contraction to dangerous limits. Lower demand for Japanese goods will further weaken the Japanese economy and the JPY could suffer as a result. Traders, however, should pay closer attention to the movement of the USD as it is positioned to be the primary market mover this week, especially since there is very little news emanating from the Japanese economy in the next few days.

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Finansnyheder

	USA	USD	0.25%
	Japan	JPY	0.10%
	Europe	EUR	2.50%
	Switzerland	CHF	0.50%
	Great Britain	GBP	1.50%
	Canada	CAD	1.50%
	Australia	AUD	4.25%
	New Zealand	NZD	5.00%

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