Market Focus

On Tuesday, January 23, 2018, the most significant news was the decision of the Bank of Japan on the interest rate. As expected, the Central Bank kept the interest rate at the level of -0.1%, it was also decided to keep the stimulus measures of the economy at the same level of 80 trillion yen. This decision by the management of the Bank of Japan has supported the yen and strengthened its position against the US dollar.

Later, it is worth paying attention to the data on the economic sentiment in Germany and the Eurozone. This value is an indicator of the level of investment in the region and indicates the well-being of business. According to the forecast, ZEW’s economic sentiment index in Germany in January will be 17.8, which is higher than the previous value at the level of 17.4. In general, the Eurozone indicator will be 30.0, which is higher than the previous value at 29.0. The release of data within the forecast will support a single currency. That is why one should expect some strengthening of the euro against its competitors.

Alexander Sivtsov