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Japan's Economic Stimulus
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Anticipating decisive measures of the Bank of Japan, traders have been actively purchasing the yen, regardless of a slight increase in the services PMI. The index gained mere 0.6% in February; while analysts had forecasted that it would rise to the level of 0.8%.


Frustrating news drove the USDJPY rate to 81.76. However, later the yen strengthened by 25 basis points.


A stirred up business activity is another signal to Japan's central bank to ease the monetary policy at its meeting on April 27. In addition, the International Monetary Fund strongly recommends that the Bank of Japan better supports its fragile economy, as, according the IMF experts, the bank has room for unconventional steps.


On Thursday Bank of Japan governor Masaaki Shirakawa underlined that the bank had been doing its best to overcome deflation. The regulator remains determined to meet its 1% inflation target.

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Being a participant of Dakar Rally 2012, that took place in Argentina, Chili and Peru, InstaForex Company also decided to visit Brazil, Rio de Janeiro in particular, which is one of the financial centres in Latin America. Rio can be included in the geography of the partner representative offices of the broker. A trip to Brazil coincided with New Year’s Day, that was celebrated by the representatives of the company in accord to the Brazilian tradition – on the beach where they threw white roses into the ocean waves so that success always waited upon the broker’s clients.
Marussia F1 and InstaForex representatives speak about the common things between the two companies (RIA Novosti, Moscow)
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