What is the Impact of Japan Bank Lending Year-over-year (YOY) on Japanese Yen
Japan Bank Lending Year-over-year (YOY)
The
indicator checks on the amount of outstanding loans and discounts with banks.
It means that the indicator measures and defines the bank institutions lending
in Japan. Like any other country, the Japanese banking sector's lending ability
grows when investment portfolios and business confidence increase. It implies
that while looking at the performance and stability of the Japanese Yen, it
remains imperative to consider the lending indicator.
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— Dave (@ItssDmg) August 13, 2022
If
a higher figure is published, a bullish signal will be published for the Japanese
Yen, while a lower figure will have a bearish impact on the Japanese Yen.
GBPJPY Week Ahead
Looking
at the charts, it is apparent that the daily trend of GBPJPY reflects a bullish
trend. However, while looking at the monthly chart, the price is currently at a
pivotal point. If the JPY Banking Lending YOY and Japanese Current Account are
positive, then it automatically means that a bearish trend will be triggered
for the month of August.
Analytic Dave
AnalyticalDave is a personal financial analysis portfolio that captures my Derivatives trading, stock, and investing journey. My portfolio does NOT act as a financial advisor to any community. It is only purposed for journaling my story as a self-taught trader and investor.
