{"id":91478,"date":"2016-06-17T06:51:54","date_gmt":"2016-06-17T10:51:54","guid":{"rendered":"http:\/\/countingpips.com\/?p=91478"},"modified":"2016-06-17T06:51:54","modified_gmt":"2016-06-17T10:51:54","slug":"yen-close-to-strongest-level-in-two-years-as-brexit-fears-roil-markets","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/06\/yen-close-to-strongest-level-in-two-years-as-brexit-fears-roil-markets\/","title":{"rendered":"Yen close to strongest level in two years as Brexit fears roil markets"},"content":{"rendered":"<div id=\"inves-589500405\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">June 17, 2016<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p>Article by <a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/p>\n<p>The Japanese yen surged to its highest level against the dollar since August 2014 following the Bank of Japan\u2019s policy decision to refrain from more stimulus measures.<\/p>\n<p>One of the reasons cited for inaction was the uncertainty of the outcome of next week\u2019s UK referendum on EU membership on June 23rd.<\/p>\n<p>The yen rose nearly 2 percent versus the US dollar after the Bank of Japan\u2019s decision, which pushed down USDJPY to 103.55 yen.<\/p>\n<p>A strengthening yen has become a major headache for the central bank, as it hampers the BOJ\u2019s efforts to spur inflation and spark growth, while making Japanese exports less competitive abroad.<\/p>\n<p>But concern about Brexit encouraged some BOJ policy board members to stand pat, according to people familiar with the central bank\u2019s thinking. They worried that the impact of any further BOJ easing would be wiped out if a U.K.<\/p><div id=\"inves-1001334152\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n<p>vote for a so-called Brexit roiled global financial markets, leaving the central bank short of ammunition to respond to that turbulence, the people said.<\/p>\n<p>The BOJ\u2019s decision came just hours after the Federal Reserve\u2019s decision not to change monetary policy and it left interest rates on hold, also partly because of concerns of Brexit.<\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-54242 alignleft\" src=\"http:\/\/countingpips.com\/articles-analysis\/wp-content\/uploads\/2014\/07\/Forex-Time-Logo.png\" alt=\"Forex-Time-Logo\" width=\"262\" height=\"90\" \/><strong>Article by <span style=\"text-decoration: underline;\"><a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/span><\/strong><\/p>\n<p><strong>ForexTime Ltd (FXTM)<\/strong> is an award winning international online forex broker regulated by CySEC 185\/12 <a href=\"http:\/\/www.forextime.com\" target=\"_blank\">www.forextime.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Article by ForexTime The Japanese yen surged to its highest level against the dollar since August 2014 following the Bank of Japan\u2019s policy decision to refrain from more stimulus measures. One of the reasons cited for inaction was the uncertainty of the outcome of next week\u2019s UK referendum on EU membership on June 23rd. The [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-91478","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/91478","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\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=91478"}],"version-history":[{"count":3,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/91478\/revisions"}],"predecessor-version":[{"id":91494,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/91478\/revisions\/91494"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=91478"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=91478"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=91478"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}