The current instability seen in major economies and global financial markets threatens Japan’s financial system.
According to Masaaki Sirakawa, Governor of the Bank of Japan, the central bank will does its best to prevent instability in the country’s financial sector. The continued eurozone crisis remains the biggest threat.
Even despite the fact that the Bank of Japan left its monetary policy unchanged, the latest meeting minutes show that some of the BOJ members are determined to respond to external threats and support any measures necessary to defend Japan’s financial system.
Forex.
According to the currency strategists of Masterforex-V Academy, USDJPY has made a major bullish FZR around 79.79. At this point, the currency pair is forming wave А(С)/С inside an upswing - wave А/В of wave level Weekly. The levels of support are located at 80.12, 80.60, 80.88, 81.11. The bullish movement will be completed as soon as the price breaks and consolidates below 78.78.
