Japanese Yen appreciated on raised growth forecast

Dukascopy Bank Team Dukascopy Bank SA

On Tuesday, January 21, the Japanese Yen appreciated 45 pips or 0.41% against the US Dollar.

The advance was driven the BOJ Outlook Report release. According to the report, the Bank of Japan raised its economic growth forecasts, as well became carefully optimistic about the global outlook.

Meanwhile, other major central banks are only reconsidering their monetary policies.

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Dukascopy Bank Team

Dukascopy Bank SA

Dukascopy Bank stands as an innovative Swiss online banking institution, with its headquarters situated in Geneva, Switzerland.

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