Monday, January 21, 2013

KOSPI Nearly Flat As Market Watch for BoJ Release

KOSPI Nearly Flat As Market Watch for BoJ Release. KOSPI stock market is still moving almost flat as investors avoid trading ahead of BoJ meeting is expected to adopt an aggressive policy easing. South Korea's stock index moved up 0.06% to 1,988.12 points area. "There is still a lack of or weak movement in general in the U.S. stock market since the related covered Martin Luther King holiday, and focus on the comments from the meeting of the Japanese central bank," said Kim Chul-joong, an analyst at Korea Investment & Securities. Bank of Japan is expected to issue a joint statement by the Japanese government at 10:00 to 12:30 pm on Tuesday (03:00 to 05:30 GMT), with berjanjit for easing monetary policy to achieve the inflation target of 2%. Leading stocks moving mixed, with shares of Samsung Electronics Co Ltd which fall off as much as 1.8% on the previous session to move up by 1.2% in the current session.

Manuver Yen Strengthens After BOJ Results

Yen (USD / JPY) rebounded sharply after the release of the results of the meeting the BOJ (Bank of Japan) where one of the points he agreed to adopt inflation target of 2% despite previous speculation that the BOJ could not do. The decision appears to have been anticipated by the Finance Minister Taro Aso has said that the central bank's policy board will decide the inflation target. In addition, the BOJ decided today to make opening and closing easing policy. In general, the market rate of the meeting was largely in line with expectations. While the yen weakened, which is based on expectations of the government and the BOJ, the likelihood is over now. When this news was aired, USDJPY exchange rate is in the range of 89.04, higher than the level 89.60an before BOJ decision on release. And today the yen weakened to 90.06 against the U.S. level, Reuters platforms.

The yen and Asian stocks Expect From BoJ decision

The yen and Asian stocks waiting times ahead of BoJ decision this Tuesday with investors also await the results of the BoJ meeting, with expectations for the current policy easing measures aimed to help the economic recovery for the world's third largest country. The MSCI index of Asia Pacific excluding Japan index rose 0.1%. The index fell on Monday after briefly touching 17-1/2 month high. European stocks close higher Monday moved two years, with the investor who predicted the economic growth in Europe. Wall Street closed related to Martin Luther King holiday.

Japan's Nikkei average opened up 0.2%.

Earlier today, the U.S. dollar moved down 0.1% against the yen at 89.51 points, after touching a new high in 2-1/2 years in figure 90.25 on Monday. The euro fell 0.3% against the yen at 119.11 yen rate, down from a peak since May 2011 at 120.73 points that occurred Friday.

EUR / JPY Still Moving Ahead of BoJ Under 120

EUR / JPY currently at 119.19, still the same height that occurred on January 11, on Friday, where the currency pair closed at the weekend. Apart from a session low at 119.03, EUR / JPY is down 0.65% so far for this week, following the initial movement toward the high peak current at 119.69, related news showing that the target inflation rate of 2% in the BoJ will occur in the short term. While the target is visible, EUR / JPY has moved up 20 pips, last seen at 119.39. Today all the attention focused on the BoJ meeting, which started earlier than usual, and is expected to close than expected at 02.00 and 03:30 GMT. Japan's economy minister, Amari will attend the meeting, where the first time since Japan's new government in power. Yen had volatilistas ahead of the meeting, while the Nikkei closed on a high trading session, up 0.35% for the day.

Resistance to movement up close EUR / JPY 119.68 for the high figures show the current session and the U.S. session high, followed by a rate of 15 January and Friday weekly close at 119.98 and the high on Monday at 120.27. For the movement of the decline, the nearest support is in session low today / yesterday / January 14 at 119.02/118.89 number, followed by the January 15 low at 117.64 points and the low January 16 at 116.47 points.

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