NEW YORK Womens Derek Carr Jersey , Jan. 29 (Xinhua) -- The U.S. dollar climbed against the Japanese yen to the highest level in six weeks on Friday as the Bank of Japan (BOJ) unexpectedly decided to implement a negative interest rate policy.
The BOJ said on Friday it would introduce negative interest rates from next month to encourage more lending and business spending amid projections the central bank will not clear its 2 percent inflation goal.
The bank said it would cut interest rates further into negative territory if necessary.
The yen fell about 2 percent against the greenback after the bank's decision, hitting a 6-week low versus the dollar during the session.
On the economic front, the U.S. real gross domestic product (GDP) increased at an annual rate of 0.7 percent in the fourth quarter of 2015, according to the advance estimate released by the Commerce Department Friday. In the third quarter, real GDP increased 2.0 percent.
The greenback rose against most major currencies on Friday. The dollar index, which measures the greenback against six major peers, went up 1.06 percent at 99.559 in late trading.
In late New York trading, the euro fell to 1.0829 dollars from 1.0958 dollars in the previous session, and the British pound dropped to 1.4239 dollars from 1.4370 U.S. dollars in the previous session. The Australian dollar inched up to 0.7079 dollar from 0.7077 dollar.
The U.S. dollar bought 121.17 Japanese yen, higher than 118.78 yen of the previous session. The greenback rose to 1.0238 Swiss francs from 1.0133 Swiss francs and decreased to 1.4001 Canadian dollars from 1.4061 Canadian dollars.
No seriously, are you plugging into MLM leaders? Chances are that if you are NOT, then you aren't really doing your MLM business. And you probably aren't too successful either. You are just playing the "we'll try this out for awhile in hopes of making it rich" game. Stupid game to play in my opinion.
When it comes down to success in the network marketing industry, this is probably THE biggest factor in those that actually make it big and those that don't. I have seen it time and time again in my 5 years in the industry.
Hell, I was one of those damn people that had trouble "plugging into MLM leaders." But then I wised up.
For some, it may be ego. Those "no way, I can do this on my own, and I don't need help from ANYBODY." type personalities usually fail the fastest. Whatever traditional job or business experiences that they have usually DO NOT translate well in HOW to do the business. Yes, they may have some skills from their current andor previous jobbusiness, but when it comes down to it, you HAVE TO learn from those that are succeeding. What other reasons do people have for not plugging into MLM leaders?
Well, there could be many, but another one that I see often is fear. Now, this could translate into multiple levels of inaction, but it tends to make a person fall into two categories.
The first is fear of a MLM leader saying that they aren't good enough (aka fear of rejection). In my mind, this is the dumbest fear of all, especially if your leader is on your team (as in your upline). They have pretty much zero reason to knock you down because they will benefit directly from your success. Therefore, this is HIGHLY unlikely.
I mean, even if they aren't in your upline or company, they often care too much about the industry as a whole so they will be more than willing to help you out. They want everyone to succeed. But often times, the fear of being successful is what stops people from plugging into MLM leaders
And this fear is often a subconsciously driven force.