Home The basic factors affecting the yen

The basic factors affecting the yen

M cashbackforexprofitcalculator cashbackforexpipcalculatortryofFinance(MOF):Japans cashback forex of Finance, the only department that sets fiscal cashback forex calculator Online monetary policy in Japan Japans Ministry of Finance has more influence on the currency than the U.S., U.K. or German finance ministries Japans Ministry of Finance officials often make statements about economic conditions BankofJapan(BoJ):The Bank of Japan in 1998. The Japanese government passed a new law that allows the central bank to set monetary policy independently of government influence, while the yen exchange cashbackforexcalculatorOnline is still the responsibility of the Ministry of Finance InterestRates: interest rates Overnight lending rate is the main short-term interbank interest rate, determined by the BOJ BOJ also uses this rate to express changes in monetary policy, is one of the main factors affecting the yen exchange rate  JapaneseGovernmentBonds(JGBs):Japanese government bondsIn order to enhance the liquidity of the monetary system, the BOJ purchases 10-year or 20-year JGBs every monthThe yield on 10-year JGBs is seen as a benchmark indicator of long-term interest ratesFor example, the basis difference between 10-year JGBs and 10-year U.S. Treasury bills is seen as driving the USD/JPY A decline in the price of JGBs (i.e., a rise in yields) is usually good for the yen. EconomicandFiscalPolicyAgency: The Economic and Fiscal Policy Agency officially replaced the Economic Planning Agency (EPA) on January 6, 2001. The Ministry of International Trade and Industry (MITI) is responsible for guiding Japans domestic industrial development and maintaining the international competitiveness of Japanese companies, but its importance has been greatly diminished compared to the 1980s and early 1990s. EconomicData: Economic data that is more important include: GDP, Tankansurvey (quarterly survey of business sentiment and expectations), international trade, unemployment rate, industrial production and money supply (M2+CDs) Nikkei-225: Nikkei 255 index, the main Japanese stock market When the Japanese exchange rate is reasonably low, the stock prices of export-oriented companies are boosted and the overall Nikkei index rises. This may not be due to a rise in the U.S. dollar, but rather due to different economic expectations for Japan and Europe.

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