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JPY Daily News
BoJ More Pessimistic on Global Economy
Thursday, 17 Nov 2011
In its Monetary Policy Statement the Bank of Japan reduced its economic assessment of the Japanese economy but also spent a large amount of time devoted to the global economic environment. The interest rate was kept unchanged between 0-0.1%, in-line with consensus expectations.
The USD/JPY was stable yesterday, trading in a tight 30 pip range. However, the pair continues to drift lower towards its all-time low of 75.55. But first the pair will need to close below its 55-day moving average at 76.95. Initial resistance remains at Monday's low of 76.80 with resistance at 77.50 from the mid-October consolidation, followed by the trend line from the 2007 high which comes in at 79.25.
Current Time: 05/27 00:44 GMT
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Print| # | Time | $€£¥ | Event | Per. | Prev. | Fore. | Act. | Imp. |
|---|---|---|---|---|---|---|---|---|
| 11/17 | ||||||||
| 05:00 | JPY |  BoJ Monthly Report | * | * | * |  | ||
