JPY: This weekend was both good and bad news for Japanese officials

This weekend was both good news and bad news for Japanese officials. The good news is that most of the G7, it seemed, was on the side of Japan, which can not be said of China, who all blamed for the stubborn refusal of the growth opportunities yuan. In addition, none of the international partners in Japan did not even warn the country against a large-scale intervention, undertaken in the past month. Less positive was the continuing decline in the dollar.

That night, the pair USD / JPY fell to a new fifteen-year low of 81.39, though, since the level has returned to 82.00. No one has almost no doubt that the Fed will go to the following quantitative easing after the next meeting of the FOMC, but questions remain about its size. Ex-Fed Chairman Larry Meyer (Larry Meyer) suggested last week that the Fed has to buy additional 1-1.5 trillion dollars in Treasury securities. Although there is difficult to predict, the market is probably waiting for something about 500-600 billion dollars. If the Fed chooses Bole aggressive option, if the dollar continues to fall, and this is reflected in the pair USD / JPY. It is unlikely that the Bank of Japan could this somehow significantly changed.

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