Bank of Japan Holds Monetary Policy Firm – But What Does this Mean for Forex? – Vantage FX Comments

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Vantage FX’s head of market analysis comments on the situation in Japan.

Vantage FX - Multi-Award Winning Forex Broker

Vantage FX - Multi-Award Winning Forex Broker

The release of the Bank of Japan’s monetary policy revealed the guidelines by which the would operate in the money market in the coming period (Bloomberg, 4th Oct 2013).

This came as no surprise for forex traders but the real question is whether this is the right thing to do in order for Japan to improve its economic outlook for the future.

Vantage FX Head of Market Analysis Jay Mawji comments:

“The statement overnight revealed that the BOJ has decided to keep its current monetary policy unchanged. Most analysts expected the policy to remain unchanged, with expectations for further expansion in early 2014.

“There is no doubt that the initial shift in policy had gone some way to achieve the desired results; although Abe is likely to exercise some caution with the global economy being unsettled with unexpected issues. Abe has been on the political offensive to re-build ties with neighbouring economies, which could further add to the core of the Japanese economy.”

Vantage FX provides a wide range of tools to help FX traders keep track of the important economic data constantly flowing around the globe. Such as:

  • A handy economic calendar
  • FX Copy access – social network for FX traders
  • Forex blog – wide range of forex news, graphics, videos and daily updates
  • Twitter and Facebook channels – regularly updated
  • Sentiment Index – Daily look at forex sentiment

Together with a custom version of Meta Trader 4, this economic data and Vantage FX’s personal and professional approach, traders looking for a new broker have a lot to gain by giving Vantage FX a try.

About Vantage FX

Vantage FX is an internationally recognised Forex broker based in the City of London, providing foreign exchange trading services and a UK trading platform to clients in the UK, the EU and the rest of the world.

What sets forex brokers Vantage FX apart is their wide range of services and outstanding level of customer support. The company strives to provide an intuitive, interactive Forex experience by continually innovating and taking advantage of the latest trading technology, such as MetaTrader 4 and Expert Advisors as well as offering handy tools such as a forex market calendar.

You may prefer to contact our Australian Office. Phone: +61 1300 945 517 Contact: Natalie German. Website: vantagefx com

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Robert Berkeley
Vantage FX
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