The Yen is getting a little bit stronger. Overview for 29.01.2019

On Tuesday morning, USDJPY is trading downwards; demand for the USD is reducing.

The Japanese Yen is strengthening against the USD on Tuesday. The current quote for the instrument is 109.28.

Yesterday, the Bank of Japan released its Monetary Policy Meeting Minutes, which didn’t contain anything principally new. The regulator’s major goal is the stable inflation. So far, it was impossible due to different reasons: low consumer spending and controversial outlooks for positive dynamics in the future didn’t help to make the country’s inflation stable.  

This week, there will be the first meeting of the US Federal Reserve in 2019, but no one is expecting any rate changes. Right now, investors are discussing another issue: they believe that the regulator is selling its assets much slower than it was expected to earlier. This move is thought to be some kind of climbdown on the part of the regulator to the White House. Market players do want to know more details, because they expected the Fed to be more aggressive in selling its assets and absorbing the USD liquidity. This issue keep investors on their toes.

The Yen is still acting as a “safe haven” asset, even despite the Government Shutdown in the USA is put on hold.