{"id":142719,"date":"2019-02-28T09:15:35","date_gmt":"2019-02-28T14:15:35","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=142719"},"modified":"2019-02-28T07:26:46","modified_gmt":"2019-02-28T12:26:46","slug":"the-yen-got-a-little-bit-stronger-overview-for-28-02-2019","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/02\/the-yen-got-a-little-bit-stronger-overview-for-28-02-2019\/","title":{"rendered":"The Yen got a little bit stronger. Overview for 28.02.2019"},"content":{"rendered":"<div id=\"inves-2800080852\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">February 28, 2019<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p><strong>Article By <a href=\"http:\/\/roboforex.com\/\" target=\"_blank\" rel=\"noopener noreferrer\"><u>RoboForex.com<\/u><\/a><\/strong><\/p>\n<div class=\"news__text\">\n<p>On Thursday, USDJPY is trading downwards; the Yen is acting as a \u201csafe haven\u201d asset.<\/p>\n<p>The Japanese Yen is getting stronger against the USD on Thursday. The current quote for the instrument is 110.74.<\/p>\n<p>The Yen is obviously following changes in the market sentiment \u2013 market players are watching the current situation and slowly buying \u201csafe haven\u201d assets, because they believe that global markets are ready for decline.<\/p>\n<p>At the same time, the Japanese statistics were not just bad \u2013 the numbers were awful.<\/p>\n<p>In the morning, Japan reported on the Retail Sales in January. The indicator added 0.6% y\/y against the expected reading of +1.4% y\/y. The Industrial Production lost 3.7% m\/m over the same period. It was a preliminary report, but the reading was much worse than the previous and expected ones.<\/p>\n<p>The Industrial Production decline indicates problems with the export and domestic demand. As a result, one may expect the GDP to fall as well.<\/p>\n<p>These reports are a perfect example that the QE program in Japan is no longer as efficient as it should be. The program had to be either changed, which is very difficult, or closed in favor of other more effective tools.<\/p>\n<p>As a rule, the Yen doesn\u2019t respond to domestic statistics, because it acts as a \u201csafe haven\u201d asset for the currency market. The same happened this time, but it doesn\u2019t necessarily mean that the Yen won\u2019t fall in the future in case of similar weak numbers.<\/p>\n<\/div>\n<p><strong>Article By <a href=\"http:\/\/roboforex.com\/\" target=\"_blank\" rel=\"noopener noreferrer\"><u>RoboForex.com<\/u><\/a><\/strong><\/p>\n<p><strong>Attention!<\/strong><br \/>\nForecasts presented in this section only reflect the author\u2019s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Article By RoboForex.com On Thursday, USDJPY is trading downwards; the Yen is acting as a \u201csafe haven\u201d asset. The Japanese Yen is getting stronger against the USD on Thursday. The current quote for the instrument is 110.74. The Yen is obviously following changes in the market sentiment \u2013 market players are watching the current situation [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-142719","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/142719","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=142719"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/142719\/revisions"}],"predecessor-version":[{"id":142721,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/142719\/revisions\/142721"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=142719"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=142719"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=142719"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}