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The fall of the Japanese yen will continue

Today, the volatility of the Japanese yen rose, despite a decline in investors’ activity, which is associated with the celebration of Thanksgiving Day in the United States. The reason for the activity growth was the news about reduction of unemployment to its lowest level in nearly 20 years to 3.1%. Statistics on household expenditure, which decreased by 2.4% in October have disappointed investors, while core inflation was -0.1% compared with the same period last year, due to low energy prices. On Monday,we should pay attention to the data on the industry, which can support the yen. Despite this, we expect the fall of the Japanese currency against the US dollar by 3-5% in the coming months due to the expected tightening of monetary policy of the Fed.

More detailed analytics you can see at our site https://fxfinpro.com/en/analytics

 

Friday, 27 Nov, 2015 / 1:53

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