JPY is predicted to be stronger

Today JPY is aspected to be stronger than GREEN due a few news regarding consumer spends in overall economic activity released. The total value of inflation-adjusted expenditures by consumer will be good for the YEN. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate.

The unemployment rate although it's generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor conditions.

BOJ Policy Board members come to a consensus on where to set the rate for investor about monetary policy. It contains the outcome of their decision on interest rates and commentary about the economic conditions that influenced their decision. Most importantly, it projects the economic outlook and offers clues on the outcome of future rate decisions