The Japanese yen strengthened by 0.5% against the US dollar to 101.35 yen to the dollar.
The strengthening of the yen weaken the profits of Japanese companies, and as a result there was decreased 492.2 billion yen (4.85 billion dollars) intervals of seven of large manufacturers in Japan in the second quarter
Investors disappointed with incentives in Japan: Tokyo falls,the Japanese yen is rising
The Asian stock markets trading is conducted with declines in light of investors’ disappointment with the Bank of Japan’s announcement regarding his incentives to the markets.
The Bank of Japan announced that it is increasing slightly the purchase of ETFs,and the extent of acquisition of other assets, which include mainly bonds, will remain at 80 trillion yen (775 billion dollars) a month.
The Japanese yen strengthened against the US dollar and at this time traded around 104 yen to the dollar, due to Japanese media reports, according to which the government of Japan will inject to the economics about 6 trillion yen (56.7 billion dollars)gradually in the coming years.
Traders around the world are waiting anxiously for two major events to be held later in the week:
The interest rate and monetary policy of the US Federal Reserve and the interest rate announcement of the Bank of Japan.
According to market forecasts, the Japanese bank will put into effect some monetary incentives in order to weaken the Japanese yen, which strengthened after the withdrawal of Britain from the European Union, and to encourage their growth.
Japan released a data that indicate of a further weakening of exports, due to the strengthening of the Japanese yen in recent months .
According to data released today by Japan’s Finance Ministry, in June the exports of goods from Japan fell by 7.4%.
The Euro getting stronger against the US dollar by 0.2% and was trading at about 1.1055 dollars to the Euro.
The Japanese yen weakened against the US dollar by 0.5% and was trading at about 105.43 yen to the dollar.
The British pound strengthened against the US dollar by 0.4% and traded at about 1.3243 dollars to the pound.
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