Buy the rumor, sell the fact? As Japanese PM Shinzo Abe takes the stage, USD/JPY falls quite quickly from almost 117 to 116.40, before the pair bounces back. He begins confirming reports about the sales tax, that previously sent the pair up. Is it just some stop hunting before the next move up? More to come. PM Shinzo Abe annoucnes: Decided to delay the sales tax increase by 18 months to April 2017. Abe promises he will not delay the tax hike again in 18 months. Cannot abandon plan of restoring fiscal health. “I have been following the trend of consumer spending”. Parliament to be dissolved on November 21st – that’s Friday. He acknowledges that you can’t squeeze blood from the stone – cant get rev from higher taxes if it kills demand. 3 arrow policies showing increasing results Abenomics hasn’t failed A positive economic cycle is beginning to emerge. Extra budge will be submitted to parliament next year. Loss of majority would be a rejection of Abenomics. USD/JPY has certainly been erratic of late, and also yen crosses have been interesting, with EUR/JPY just breaking to new highs. Here is how it looks on the chart: Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next Stronger USD But Path Non-Linear: New FX Forecasts – UBS Yohay Elam 7 years Buy the rumor, sell the fact? As Japanese PM Shinzo Abe takes the stage, USD/JPY falls quite quickly from almost 117 to 116.40, before the pair bounces back. He begins confirming reports about the sales tax, that previously sent the pair up. Is it just some stop hunting before the next move up? More to come. PM Shinzo Abe annoucnes: Decided to delay the sales tax increase by 18 months to April 2017. Abe promises he will not delay the tax hike again in 18 months. Cannot abandon plan of restoring fiscal health. "I have been following the trend of… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
