Latest news on Tough time continues for Japanese yen
| The Yen finished the week as it rallied in opposition to the dollar on the more than anticipated GDP numbers and braid based US dollar weakness, but it would finish the week unaffected in opposition to the Euro and weaker versus the pound as risk appetite keeps on pressuring it in opposition to riskier currencies. Equity markets have indicated no indications of reduction but they are close to major resistance levels and with the U.S. employment data to be out next week there is a possibility of a pull back. In the meantime, Japanese fundamental data keeps on directing toward a slow revival as unemployment went up to a 6 year high of 5.4 percent indicating that gains in domestic increase is going to be tough going forward. Consumer prices going down at a record pace of -1.8 perceint is going to keep on pressing corporate profits and narrow the possibility for a Japanese revival. Read More Here
|
|
0 15 30 45 60 75 90 105 120 135 150 165 180 195 210 225 240 255 270 285 300 315 330 345 360 375 390 405 420 435 450 465 480 495 510 525 540 555 570 585 |
Menu
ForexNewsWeb Recommends:
DECISIONBAR Stop Module Trading Software
FAPTURBO Forex Trading Software
FOREX KILLER TACTICS
5EMAs FOREX SYSTEM
Forex Charts: