26 Mar 2015
Weak global growth supporting Yen – BTMU
FXStreet (Barcelona) - With global growth remaining weak, the Yen has continued to strengthen, notes Lee Hardman, Currency Analyst at Bank of Tokyo-Mitsubishi UFJ.
Key Quotes
“The yen has continued to strengthen in the Asian trading session extending its gains so far this year. It is the best performing G10 currency early in 2015.”
“The yen is deriving support from weaker than expected global growth which is prompting monetary easing overseas.”
“In contrast, the BoJ continues to remain reluctant to ease monetary policy further in the near-term given its already aggressive easing programme which includes the pre-emptive action undertaken to expand easing again late last year.”
“The global economy has started this year on a weaker footing with economic growth continuing to slow in the two largest economies of the US and China. One notable exception has been the pick-up in growth in Europe.”
Key Quotes
“The yen has continued to strengthen in the Asian trading session extending its gains so far this year. It is the best performing G10 currency early in 2015.”
“The yen is deriving support from weaker than expected global growth which is prompting monetary easing overseas.”
“In contrast, the BoJ continues to remain reluctant to ease monetary policy further in the near-term given its already aggressive easing programme which includes the pre-emptive action undertaken to expand easing again late last year.”
“The global economy has started this year on a weaker footing with economic growth continuing to slow in the two largest economies of the US and China. One notable exception has been the pick-up in growth in Europe.”