Japan Breaks Through
It’s been a rough couple months for Japan as the Yen isn’t performing to expectations.
However, the Bank of Japan (BOJ) is trying it’s best to pump more money into the downtrodden Japanese economy. The BOJ is expected to announce a stimulus package that would lend money to individual banks with the condition that the money gets passed to the people.
And if people have more money the economy tends to rise, and a rising economy means market volatility.
The USD/JPY has already shot up by 100 pips, breaking the 110 mark.
Experts are saying that the influx of money from the BOJ comes with especially good timing as import costs (namely oil) are still relatively low. It also allows a weaker Yen to compete more favorably against China.
With the USD/JPY on the upswing, and the potential for Japan and China to even out, you can be sure that pips are going to be gained. How can you be sure whether to buy or sell? How can you predict when USD/JPY is going to hit its retraction number?
It’s easy. Just check into this FREE webinar and learn how the Forex works, and how you can make it work for you.
Money can be made whether currencies are rising or falling, you only need to know what to look for.