¡La leyenda en el equipo de InstaSpot!
¡Leyenda! ¿Cree que es una retórica grandilocuente? Pero, ¿cómo deberíamos llamar a un hombre, que se convirtió en el primer asiático en ganar el campeonato mundial de ajedrez júnior a los 18 años y en el primer Gran Maestro indio a los 19 años? Ese fue el comienzo de un camino difícil hacia el título de Campeón del Mundo para Viswanathan Anand, el hombre que se convirtió en parte de la historia del ajedrez para siempre. ¡Ahora una leyenda más en el equipo de InstaSpot!
Borussia es uno de los clubes de fútbol con más títulos en Alemania, que ha demostrado repetidamente a los fanáticos: el espíritu de competencia y liderazgo que ciertamente conducirán al éxito. Opere de la misma manera que los profesionales del deporte: con confianza y de forma activa. ¡Mantenga un "pase" del Borussia FC y lidere con InstaSpot!
The Bank of Japan left its monetary policy unchanged during the monetary policy meeting on May 1. In the "Outlook for Economic Activity and Prices" report, the Bank lowered its forecasts for real GDP growth in both fiscal years 2025 and 2026 due to the impact of U.S. tariffs. However, these are preliminary forecasts based on certain assumptions. Meanwhile, it raised its forecast for core inflation in fiscal year 2025. Recall that inflation rose again in March from 2.6% year-on-year to 2.9%, and in the Tokyo region, it climbed from 2.9% to 3.5% in April, with core indexes also showing excessive growth.
Regarding monetary policy implementation, the Bank reaffirmed its intention to "raise the policy interest rate and adjust the degree of monetary regulation." This has been a long-standing goal for the BOJ since the era of aggressive quantitative and qualitative easing, known as "Abenomics." Over time, significant side effects have accumulated, which need to be addressed. Normalization—this is the term—is the central task facing the BoJ. Without a rate hike, it cannot be achieved.
When Abenomics was launched in 2013, inflation also spiked, but this was primarily due to an increase in the consumption tax, and the effect proved temporary: within two years, deflation returned to Japan. The current price increase, however, is driven by different factors—primarily the pandemic, which paralyzed supply chains and led to global inflation. Every cloud has a silver lining: the current environment provides a convenient opportunity to mitigate the consequences of Abenomics, and all forms of normalization contribute to a stronger yen.
Naturally, Japan is also seeking ways to withstand pressure from the United States. Ongoing tariff negotiations reflect the U.S. desire to see a stronger yen. The market shares this view: the yen is expected to strengthen; otherwise, the talks may stall, which is a less acceptable outcome for Japan than tolerating a strong yen. Positioning supports this sentiment: according to the latest CFTC report, the net long position on the yen has reached $15.74 billion, and the implied price has again fallen below the long-term average.
After hitting a recent low of 139.90 on April 22, the yen entered a shallow correction but remained within a bearish channel, forming another downward impulse. We anticipate that in the second attempt, the support at 139.59 will not hold, leading USD/JPY to move toward the 127–129 range, which may serve as a final destination that satisfies all parties involved. The yen will strengthen, just as Trump wants, and by the time this range is reached, the BOJ will likely raise the interest rate, enabling it to pause again before the next hike.
*El análisis de mercado publicado aquí tiene la finalidad de incrementar su conocimiento, más no darle instrucciones para realizar una operación.
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