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Message: [QUOTE="Vistabrokers, post: 77225, member: 32993"] [B]Vista Brokers: USD/JPY Remains within Narrow Price Range[/B] [IMG]http://s018.radikal.ru/i523/1501/8f/8d0d5f139282.jpg[/IMG] From Thursday to Friday Japan has published a large portion of statistics, and the data were highly controversial. The consumer price index in December rose slightly larger than analysts had expected - by 2.4% vs. 2.3%, and this is probably due to the increase in sales tax. Inflation excluding volatile food prices rose by 2.5% vs. 2.6%. Production in Japan is slowly but surely recovering. In December, the industrial output in the country increased by 1% mom and by 0.3% yoy, which is slightly less than it was expected. Exports to the USA grew due to the increased stability of the US economy. Vista Brokers analysts note that weak consumer spending and low inflation make the achievement of inflation target difficult for the Bank of Japan. Although the decline in oil prices can be a positive factor for the country, because Japan is exporting almost all of the fuel. Labor market data came out positive. In December, the unemployment rate in Japan fell to the lowest in more than 15 years - 3.4%. The number of employees has grown, including both employed in full-time and employed part-time. Despite this, the income of households in September rose by 2.1% compared to the last year, when adjusted for inflation corresponds to a decline in real income by 0.8%. Analysts say that the yen against the dollar for the second week in a row is trading in a tight range of 117.3-118.8. The pair can leave these boundaries only due to the influence of such a factor as different vectors of monetary policy of the Fed and the Bank of Japan. The Japanese regulator continues the program of quantitative easing, while the Fed is aimed at tightening monetary policy. Against this background, USD/JPY has all the prerequisites for the restoration of the uptrend. Meanwhile, the Bank of Japan is waiting. The Prime Minister Shinzo Abe fears that new stimulation measures can lead to excessive reduction of the national currency. [/QUOTE]

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