Hello! Located in East Asia, Japan was founded by6852An island country composed of islands, with its main territory consisting of4Composed of several large islands. Although it is a relatively small country, Tokyo, the capital of Japan, has3600Ten thousand hardworking citizens have made it the largest metropolis in the world. Although Japan has a dense population, it has a high-quality lifestyle and the world's longest average lifespan. Japan is also one of the most advanced and technologically advanced countries in the world. Can you imagine without CarlaokIs it the world of electronic games or Toyota's energy-efficient and environmentally friendly Prius? I never thought about it - that's right. Also, do you know that the literal meaning of 'Japan' is the source of the sun, and Japan is often referred to as the 'Kingdom of the Rising Sun'?
Japan: Facts, Data, and Characteristics
Economic OverviewIn addition to being the world's capital of electronic games, Japan's economy also ranks among the top2011Ranked third in the world annually. Since the end of World War II, Japan's economy has experienced rapid development. Japan is a country with many hills and volcanoes, and its natural resource growth is limited by natural laws. In order to make up for the scarcity of resources, the Japanese economy mainly relies on exports.2011Japan's total export value exceeded8000USD100mn This value accounts for% of Japan's total output14%Ranked fifth in the world. Recently, the Japanese economy has been promoted by the rapid growth of the Chinese economy. Due to Japan being the closest major economy to China, China's increasing demand has led to a frenzy in purchasing Japanese products. Japan not only has delicious food, but also Tokyo, one of the world's largest financial centers. As you can see in the movie, Japanese businessmen are very rigorous in their business dealings. A large amount of funds flow in and out of Tokyo every day, and traders and investors can use Tokyo as an indicator of what has happened in the Far East. Monetary and fiscal policiesThe Bank of Japan was established on19At the end of the century, but it was not until recently that it became independent from the Ministry of Finance. until1998It was only in that year that the Japanese government passed a decree establishing monetary policy by the Bank of Japan. It should be noted thatforeign exchangeThe policy is still formulated by the Ministry of Finance, which has led to ongoing disagreements between the two. Usually, the government and central bank rely on each other - they influence each other. But this is not the case in Japan. Even if the Bank of Japan becomes independent from the government, who is in power remains a problem. The Japanese Ministry of Finance usually keeps a close eye on the Bank of Japan and puts pressure on it to pass relevant policies to help the Ministry of Finance achieve its foreign exchange conversion targets. Similar to other central banks, the Bank of Japan's goal is to maintain price stability. Bankers in the Bank of Japan use open market operations and interest rate fluctuations to achieve their goals. Regarding the Bank of Japan, one thing you should know is that for a long time, the Bank of Japan has maintained interest rates at low levels. Currently, interest rates are0.00%reach0.10%Between. Because interest rates are already very low, the central bank cannot stimulate growth or increase liquidity by lowering interest rates. In the fight against deflation, the Bank of Japan will adopt an unorthodox quantitative easing policy to inject a large amount of funds into the market. Quantitative easing measures refer to measures taken by the central bank to increase liquidity and money supply by purchasing government securities. This is sometimes referred to as "printing money". Because the central bank actually created new money out of thin air to repurchase government securities. In theory, an increase in money supply leads to an increase in expenditure. For many years, Japan has increased market liquidity through various bond and note purchase plans. Understanding Japanese yenCompared to other currencies with numerous nicknames, the Japanese yen is considered an alternative. It entersForeign exchange transactionsWhen the market was called the Japanese yen, it still remains so today. Its movements are also related to cross currencies, particularly the euro, pound sterling, and Australian dollar. Traders like me just like Japanese people like sushi. Apart from the US dollar and euro, the Japanese yen is the most widely traded currency, while the US dollar/The Japanese yen is the second most traded currency pair. Because the Japanese yen plays a very important role in international transactions, completing international transactions requires the presence of Japanese yen.
Are you ready to experience the Asian feeling? When investors think of Asia, they subconsciously think of Japan. Tokyo, one of the world's major financial centers, typically represents changes in Asia. Japan is an important trading partner of other Asian countries. If the business prospects in Asia are good, it will be in Tokyo225Reflected in the average index. I am always busy The relevant economic reports of Japan are released during the Asian period, so yen trading is relatively active during the Asian period. The yen will also show an active trend in other periods, but it depends on what economic data is announced. This is worth noting - it is a part of Japanese culture, they24Work every hour. I am eager to experience cheap excitement! Many investors hope to make a big profit, while others seek arbitrage trading. The Japanese yen has the lowest interest rate among all major currencies, so it is often used as a source of funds for carry trades. Japanese people have similar ideas. Japanese asset managers typically make the same investment decisions. This also leads to a highly correlated position held by them, indicating a trend in the yen exchange rate. I am easily explosive One of the characteristics of Japanese yen currency pairs is that they will maintain horizontal consolidation for a long period of time, then experience directional breakthroughs, and then continue to consolidate horizontally again, seeking directional breakthroughs again! Open your eyes and ears, because you don't know when the breakthrough will occur! I have a love hate relationship with China As China gradually rises as a world power, its influence on the yen will continue to increase. If there are signs of continued growth in the Chinese economy, the demand for yen will be affected. Why is this so? As we have said before, China is one of Japan's important trading partners. Normally, if China's business prospers, it will order more goods from Japan. This will increase demand for the yen, leading to its appreciation. Important economic indicators of the Japanese yenGross Domestic Product: This indicator measures Japan's economic activity. It shows whether the economy is as hot as the magma of Mount Fuji, or is it trending towards decline. Short term survey: This report surveys managers in various industries and asks them about their views on the economy. Emotional rise(Score above0.0)Indicates that Japanese businessmen believe that commercial activities will increase. On the contrary, decrease. Trade balance: The Japanese economy mainly relies on exports. A decrease in export data will lead to a decrease in economic activity. Unemployment rate: This indicator measures Japan's unemployment rate. High unemployment will lead to a decrease in consumer spending - how can they afford to buy electronic games and anime?Consumer Price Index(CPI)In the past, the Bank of Japan stated that they were not afraid to take measures to repel deflation. If prices continue to decline, the Bank of Japan may take some surprising measures. Core machinery orders: Japan's exports include a large number of industrial orders. The increase and decrease in core machinery orders will reflect the current situation of Japanese trade. What factors affect the direction of the yen?Investment changesDue to low interest rates, the Japanese yen is considered an important source of investment funds. This means that if traders and investors feel scared, they will reduce their holdings in high-yield assets. Once traders begin to unwind their high-yield asset positions(Carry trade)They will eliminate short positions in the yen by repurchasing the yen.Bank of Japan effectWhat I want to talk about here is currency intervention! The Bank of Japan and the Ministry of Finance are very concerned about the foreign exchange market. Due to Japan's reliance on exports, changes in the price of the yen play a significant role in transactions. The Bank of Japan does not want the yen to appreciate too much, as it will lead to a relative increase in the prices of goods exported by Japan. By keeping the price of the Japanese yen at a low level, it can stimulate demand for Nissan goods, which in turn is beneficial for economic growth. dollar/Japanese yen tradingdollar/The trading volume of Japanese yen is measured in US dollars. A standard hand is10Ten thousand dollars, a mini hand is1Ten thousand US dollars. The value of each point is measured in Japanese yen, based on US dollars/Calculation of the current price of Japanese yen(For Japanese yen currency pairs, the numerical values are rounded to two decimal places)。 Gains and losses are priced in Japanese yen. For a standard hand, the change value of each point is1000Japanese yen. For a mini hand, the variation of each hand is100Japanese yen. For example, if the US dollar/The current exchange rate for Japanese yen is95.00If you want to trade a standard hand, then each point is equivalent to10.52USD. The calculation of margin trading is based on US dollars. For example, if the leverage ratio is100:1，10USD 10000/Japanese yen trading requires1000USD. dollar/Japanese yen trading techniquesdollar/The yen usually follows short-term trends, usually for a few days. If you are conducting band trading, i.e. holding a position exceeding1God, you can try to enter after the exchange rate has withdrawn. Once the exchange rate starts to consolidate horizontally, you can choose to close your position and wait for the next round of volatility. Be aware that when prices break through, you are likely to see a continuous trend of change as traders continue to join. Another thing to remember is that Japanese industrial enterprises usually keep their positions at an integer level, such as100.00or90.50. When the price approaches these values, you need to pay attention to the changes, as these values may become support or resistance levels. Finally, you should pay attention to other Japanese yen currency pairs, such as the euro/JPY and GBP/Japanese yen. If you find that these cross currencies have broken through a technical level, it will lead to a frenzy of buying or selling yen, which will have a significant impact on trading.
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