The Bank of Japan left its monetary policy unchanged and sent the Japanese yen to a sharp rise against the US dollar.
The Bank said that it will continue to borrow the money to the markets, the monetary base rate will rise each year by 80 trillion Yen (760 billion dollars).

In addition, the Bank left the interest rates in negative territory of 0.1% -.

As expected, yesterday the Fed left the rates unchanged, at 0.25% -0.5%, for the sixth consecutive time.
The last time the interest rates was raised was in December 2015.
The Fed statement said that recent macro data were mixed: “On one hand, there was a slow improvement in the labor market, on the other hand there was a growth in economic activity which gained momentum.”

The Fed lowered its forecast for US economic growth to 2% in 2016 from 2.2% in the previous forecast.
In addition, according to the Fed announcement, most of the Fed members still consider it necessary to raise the interest rates twice more by the end of the year.

The US producer price index surprised with a rise of 0.4% in May versus expectations of a more modest increase of 0.3%.
In April it rose by 0.2%.

Wall Street futures signalling on a positive opening up to 0.2% at the leading indices, towards the interest rate decision of the Federal Reserve tonight.

The trade balance for April in the Euro zone show an increase in the trade surplus to 28 billion Euros, compared with an expectations for a deficit of about 2 billion Euros to 21.6 billion Euros.

The conference of the Fed’s open market will finish its deliberations today and will publish the Monetary Policy Update.
The expectations is of no change in the policy, the same goes to the interest rates, to remain at the current level 0.25% -0.50%.
However, investors will follow closely after the words of Fed Chairman Janet Yellen at the press conference, including forecasts of future interest rate increases, if and when they will displayed.

JP Morgan

Yesterday the price of the share went down by 1.88%, and broke below a diagonal support line.

The trading volume with this decline were high, also the average of the RSI indicator is below his 50 line which can signal on a negative momentum.

For Forex traders:
Sell between the levels of : 62.10 – 62.00.
Stop loss point : 62.25.
Take profit point : 60.00.

For Binary options traders:
A put option between the levels of : 62.10 – 62.00.
Expiry time : June 17, the end of the trading day.

Rising prices in France

The CPI rose in May by 0.4%, versus an increase of 0.1% in April.
The data were just as the expectations of the economists.

UK unemployment figures are encouraging.
The country’s unemployment rate fell to 5%, the lowest level in more than a decade.

The UK claimant count change for May is below expectations with a reading of -0.4.
The forecast was of -0.1%.