Report on future trend of Japanese Yen over the next month
The aim of this report is to make a future trend prediction of Japanese Yen based on the economic data and experts' opinions from SYNC for the next month. Further Yen weaknesses is going to continue, and Japan is staying with the protection under the market, said by Mike, according to the Bank of Japan Meeting. The dollar and Euro made their largest percentage gains against the yen since BOX announced aggressive easing measures and they plan to double holding of bonds and stocks in two years.
From the previous statistics and graphs, we can see that, the dollar rose as high as 96. 41 yen on Router's data, near a three and a half year peak of 96. 71 set on March 12. The Euro traded at 124. 51, up 4. 2 percent, higher than Yen for two or three months. And also, the yen weakened against other currencies, with the Australian dollar rising above 100 yen for the first time since 2008.
Kyle Bass, the Founder of Hyman Capital said that what Japan Is trying to do Is to devalue the currency in order to become slightly more trade from competitors, like South Korea, and make the economy better. Jon added that, short (ME) emerging market or go long puts to play Yen weakness. The Bank of Japan Is embarking on a monetary easing campaign more aggressive than anything it has attempted In years. This means that there Is still a further weaknesses of Japanese Yen In the future months.
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Report on future trend of Japanese Yen over the next month. (2017, Nov 28). Retrieved from https://phdessay.com/report-on-future-trend-of-japanese-yen-over-the-next-month/
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