The state of Japan’s economic recovery remains murky, with inflation still nearly flat in May despite unprecedented monetary stimulus, though joblessness was flat at 3.3 per cent and household spending rose for the first time in over a year.
Japan’s central bank is pumping unprecedented sums of cash into the economy, seeking to push prices higher and spur inflation. The ultra-easy monetary policy is the main weapon in Prime Minister Shinzo Abe’s economic program, dubbed Abenomics, and is meant to convince companies and families to step up spending to avoid having to pay more as prices rise.
USDJPY
EURUSD
R1 = 120.950
R2 = 121.200
R3 = 121.800
S1 = 120.050
S2 = 119.550
S3 = 119.050
Japan’s central bank is pumping unprecedented sums of cash into the economy, seeking to push prices higher and spur inflation. The ultra-easy monetary policy is the main weapon in Prime Minister Shinzo Abe’s economic program, dubbed Abenomics, and is meant to convince companies and families to step up spending to avoid having to pay more as prices rise.
USDJPY
EURUSD
R1 = 120.950
R2 = 121.200
R3 = 121.800
S1 = 120.050
S2 = 119.550
S3 = 119.050