|09-26-2014, 01:16 PM||#1|
Yen continues decline on pension fund reform prospects
The Japanese yen continued its downward spiral against the dollar on speculation the Japanese government will go ahead with the pension fund reforms, and with data that showed slowing inflation in Japan.
The Japanese retreated versus most major peers on Friday after Japan’s Health minister Yasuhisa Shiozaki said the Government Pension Investment Fund (GPIF) will conduct some reforms within existing law.
A law change could mean the GPIF will buy more overseas assets, which will add more downward pressure to the yen.
The Japanese yen fell to its lowest in six years against the dollar earlier this week, and is headed for the largest monthly drop since January 2013.
The Japanese yen was last down 0.16% to 108.920 per dollar. As of 03:39 a.m. ET
Meanwhile, inflation in Japan slowed more than estimated in August, according to government data earlier today, the latest setback to the Bank of Japan’s efforts to achieve its 2% inflation target.
If inflation continues slowing down over the coming months, the central bank could start thinking about adding to its large-scale easing program.
|مواقع النشر (المفضلة)|
|الذين يشاهدون محتوى الموضوع الآن : 1 ( الأعضاء 0 والزوار 1)|
|أدوات الموضوع||إبحث في الموضوع|
|انواع عرض الموضوع|
|الموضوع||كاتب الموضوع||المنتدى||مشاركات||آخر مشاركة|
|European shares decline ahead of Fed, Scotland independence vote||Hazem Ahlawy||Forex News||0||09-17-2014 02:26 PM|
|European shares continue decline, Scotland`s vote in focus||Hazem Ahlawy||Forex News||0||09-10-2014 06:21 PM|
|صندوق النقد الدولي International Monetary Fund - IMF||Hazem Ahlawy||GENERAL FOREX DISCUSSIONS||0||09-07-2014 07:17 PM|
|Gold rises for third day on Ukraine tensions, dollar decline||Hazem Ahlawy||Gold, Silver & Oil||1||08-28-2014 05:45 PM|
|EUR/USD Slide Continues but EUR Weakness Elsewhere Questionable||Hazem Ahlawy||Forex News||0||08-21-2014 03:37 PM|