LITEFOREX REVIEW

At the Forex currency market Japanese Yen is even now under a pressure of the Dollar.Forex predict: as there is no any reason to cancel ascendant trend for the pair Usd/JPY at the moment, the growth target will be at the level of 94.96 and further to - 95.50. MACD sign is higher its signal line and continues to go up, which gives a buy sign for the pair USD/JPY at Forex. Forex suggestions: purchase. Support level: 93.30, 91.90, 91.40. Resistance level: 94.72/78, 95.05/09, 97.52.  According to Japanese Bank Tankan's report, published on Thursday last week, business sentiments among major manufactures in the land of the rising sun have been improving for the forth months. Thus, in March the growth was up to 14 items against the low level in December at the rate of 25 items. According to the earlier published indexes basic consumption prices in Japan decreased to 1,2% exclusive of fresh food products in February compared to the same period last year. Therefore deflation has been in the country for a year and this is the major risk for the Japanese economy recovery.  Last week the minutes of the Japanese Bank last meeting were published. According to the minutes the sliding risks are still preserved in the national economy; the prices in February were lower than it had been expected in January. Some bank members also paid attention that the cost drop is going on at the large scale pace. Read more about LITEFOREX REVIEW. The minutes also mention the decision taken in favor of the 20 billion ($222 milliard) credit program which will help encourage economic growth and fight inflation. According to the experts the Bank's last decision was taken under some political pressure and even though the computes impact on the economy will be the modest, the Bank will avoid any accusations of inactivity in the watering down of the monetary policy. Japan is preparing for the Parliament votes; Prime-Minister Khotoyama's Cabinet rating has dropped to 33%, which is the lowest index since the Cabinet formation in Autumn 2009. Disapproval rating demonstrated its growth to 53,3%. According to Kyodo News, 21,1% of respondents intend to support opposition liberal party.For more info visit  LITEFOREX REVIEW.