11.04.2016 - The Japanese yen may extend gains

Today in Japan, was published data on the index of consumer confidence, which showed a decrease to -22.5 compared to -17.3 in the fourth quarter of last year. It is worth noting that today, the head of the Bank of Japan Haruhiko Kuroda stressed once again about the restoration of growth of consumer prices, but said about the negative impact of instability on the financial markets. Tomorrow will be published statistics on the volume of orders for engineering equipment in Japan. Improving the situation on the financial markets according to our expectations will lead to a rapid reduction of the Japanese yen in the medium term and the potential of its strengthening it in the near future considerably reduced.

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