U.S. Dollar JPY Shocks Rose After Concerns About Tax Adjustment

< p > > on Tuesday (April 1st), New York intraday, < a href= "//www.sjfzxm.com/news/index_c.asp" > USD < /a > higher than the Japanese yen, and fell from the Japanese high to the side of the Ping pan, and then rose to the vicinity of Japan's high level. Now it is trading near 103.21.

The data released by the United States are mixed. The PMI performance in Chicago of the United States is weak, which has pushed down the US and Japan.

Since then, the US Federal Reserve manufacturing index released by the United States has shown strong performance, supporting the US dollar against a href= "//www.sjfzxm.com/news/index_c.asp" > Japanese yen < /a > higher. "Href="

In the middle of the day, Yellen's pigeon rhetoric lifted the three major U.S. stock indexes, making the market sentiment better and once again suppressed the risk aversion yen.

The US dollar rose against the yen.

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< p > the market is concerned about the impact of Japan's sales tax increase.

Camilla Sutton, HSBC's chief foreign exchange strategist, points out that the yen has fallen by 0.4% since last week.

Japan's sales tax will rise from 5% to 8% within days.

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< p > on the other hand, Fitch, an international rating agency, said that the rise in Japan's consumption tax would not affect economic recovery.

Fitch believes that the Bank of Japan will be able to properly handle the impact of the increase in sales tax. The government may expand the budget to control the negative impact of the increase of < a href= "//www.sjfzxm.com/news/index_c.asp" > sales tax < /a >.

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< p > technology, the US dollar to Japanese yen 4 hour chart, at present the price is strong to break through the flag shape consolidation area, the trend is strong.

Technical indicators MACD (12, 26, 9) and relative strength index RSI (14) all show bulls.

Shows that the market outlook is expected to further increase.

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< p > related links: < /p >

(P) on Monday (March 31st), the dollar / yen high callback in early New York time, but the overall trend remained upwards. The poor performance of Japan's data before the consumption tax was raised, consolidated the possibility that the Bank of Japan [micro-blog] would maintain or even expand the scale of easing.

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< p > intra day data, Japan's Ministry of industry and Industry released data show that Japan's industrial output rate fell by 2.3% in February, the biggest decline in eight months, indicating that factory activities are losing momentum before the April 1st consumption tax increase. The survey released on Monday (March 31st) showed that the pace of expansion of manufacturing activities in March has slowed down due to heavy snow weather in some areas, and has dropped further since January's eight year high.

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Kuroda Higashihiko, President of the P BOJ, said on Monday that it is too early to discuss the specific quantitative easing (QE) exit strategy of the Haruhiko Kuroda.

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"P," analysts at the Bank of America and Merrill Lynch said, "the US dollar / yen failed to go through the May 7th high of 103.76, making the bank still hold a blank view.

At the same time, even if the market price is 103.76, the bank's views will only become neutral.

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< p > the bank also said, "because the dollar / yen starts from the 105.48 high, there is more than enough direction in the callback market.

It is expected that investors will have to wait for months before the exchange rate continues its long-term upward trend.

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