17 November 2021, USD/JPY
USDJPY trading plan:
A Bank of Japan scheme introduced to support smaller lenders hurt by its ultra-low interest rates has perversely pushed up short-term borrowing costs, further complicating the central bank’s plans to eventually ditch easy monetary policy. Years of ultra-low rates have squeezed profits of regional lenders and stoked fears of a banking crisis, forcing the BOJ to launch in March a programme that pays 0.1% interest on deposits parked by regional banks that consolidate or cut costs. That prompted smaller banks to aggressively tap funds from the money market to shift into BOJ accounts, pushing up the benchmark rate close to 0% in defiance of the central bank’s policy to guide short-term rates around -0.1%.This is a negative signal for the Japanese yen.
Investment idea: Buy 114.59 and take profit 115.10.
One of the highest demand products in FreshForex is invest-portfolios. Invest-portfolio is an optimal tool for both beginners and experienced traders due to its high efficiency and low work efforts.
This is the 10 portfolio developed by FreshForex specialists. Each of the previous nine portfolios showed positive results, with a total return of 110,7%.
2 steps to get the Invest-portfolio:
✔ Make a deposit of $90 or more until November 29. You fully use these funds in trading.
✔ Send a request to school@freshforex.com with your account number funded.
cn 
id 
ar 
ru 
vn 
es 
pt 
th 
kz 
ua 
tj 
uz 
az 
ms 
