The monetary policy was kept steady by unanimous vote, with the increase in monetary base retained at 60-70 trillion yen annual pace.
The core CPI is expected at 1.3% in FY 2014/15 – unchanged from October forecast (excluding effect of sales tax hike), while the core CPI is projected at 1.9% in FY 2015/16 – unchanged from October forecast (excluding effect of sales tax hike).
Board member Kuichi proposed a 2% inflation target as medium to long term goal, although it was refused by 8-1 votes against. On the growth prospects, Japan GDP is seen at 1.4% in FY 2014/15 vs. 1.5% projected in October, implying a downgrade of 0.1%
Below two charts technical analysis shows the waiting for break out of each resistance lines. On daily chart look navy resistance line we are waiting for that break out then go long!.
On H3 chart bullish divergence is going to break out the down channel if that channel breaks out then daily chart's resistance will definitely break out.



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