Understandably , not a Japanese company conducting production activities in the territory of China . Thus , China's inflation data reported as of January stable speculated to support the sales prospects of Japanese products . Because, with controlled inflation gives room for the Chinese government to spur domestic consumption .
Whereas , previously , the yen weakened following the decision of the Bank of Japan ( BoJ ) adds bank loans doubled .
Bloomberg data showed on Wednesday ( 19/2 ) at 19:35 pm , JPY rose 0.98 % against USD to 101.95 . The yen also appreciated 0.49 % versus the EUR to 140.14 level . Then , the yen also rose 0.39 % against the USD becomes 92.038 .
Market analysts , Ibrahim said, the positive sentiment in Japan is quite strong . Meanwhile , in terms of U.S. dollars , are being depressed because U.S. jobless claims last week predicted per shrink . " It is encouraging stronger yen . , But after accumulation rise , there is the potential for a correction , " he said .
Meanwhile , Rev. Futures analyst Megagrowth Tribowo Laksono , say , USD pressured against the JPY due to technical factors . Yesterday , it had gained versus the Australian dollar JPY . " The correction occurs due to pairing AUD / JPY is already very high ( overbought ) , " he said .
Soegee Futures Analyst , Nizar Hilmy rate, the EUR / JPY is still in a rising trend , but held below the level of 141 , due to the lack of sentiment from the euro zone . On the other hand , the yen still got positive sentiment than expected economic recovery in China . " Because Europe lonely catalyst , the EUR / JPY is very driven Japanese sentiment , " he said .
However , further Nizar , Thursday ( 20/2 ) , the release of manufacturing and services PMI index euro zone will affect the movement of EUR / JPY .
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