Japanese Yen Continues to Show Strength in Forex Trading
October 3rd, 2010
The Japanese yen continues to strengthen in forex trading on the currency market. Indeed, the USD/JPY currency pair continues to lose ground, even though the Japanese have intervened to try and weaken the yen.
U.S. government debt concerns, paired with a stagnating economy, are keeping the U.S. dollar weak against most major currencies right now — including the Japanese yen.
There is a good chance that the Japanese will take further measures to curb gains for the yen. Quantitative easing is likely, and another intervention could be possible as well. The Japanese like a weak currency because it gives their exports an edge.
Similar Posts:
- Japan’s Ministry of Finance Intervenes, Sends Yen Plummeting
- As G20 Meets, U.S. Dollar Gains Some Support
- Yen’s Strength Causing Concerns
- U.S. Dollar Mixed in Asia, but the Pressure is Still On
- Today’s All Things Forex Broadcast: Should We Place the JPY on “Intervention Watch”?
