The key point is that the new policy of the Bank of Japan, that is, the implementation of negative interest rates, is not very compatible with quantitative easing, which can be seen from the fact that the Bank of Japan maintains the target of the base currency unchanged.

Against the background of global trade slowdown and the continuous downward trend of commodity prices, the Bank of Japan launched a negative interest rate policy. The obvious advantage is that it can devalue the yen and limit imported deflation, but the hidden dangers are also obvious. Since 60% of Japanese household financial assets are deposits, once banks pass on the punitive interest rate of the Bank of Japan to depositors, the phenomenon of shrinking wealth will be inevitable, which will further affect Japan's domestic demand and purchasing power. You can go to the column of Knowledge College and take a closer look at the column of Japan's interest rate impact trend. If the fundamentals are clarified, it will be easy to analyze.

Speculation in foreign exchange can make money whether it goes up or down, depending on whether you are bearish or bullish. Right?