Forex Blog: Currency Trading News & Analysis.

May 30th 2007

Japanese Yen Slides Further

The Japanese Yen continues to slide against the both USD and the Euro, despite Japan’s purportedly strong economy.  The release of dovish inflation data was music to the ears of Japan’s Central Bank, which seems intent on leaving interest rates frozen at .5% for as long as Japan’s economy will support it.  Meanwhile, volatility is way below its historical average, and traders remain committed to the carry trade. In addition, currency futures prices indicate that traders believe the Yen will fall further in the near-term. Bloomberg News reports:

“In times of low volatility and plenty of cash, people tend to put on carry trades,” said Meg Browne, a senior currency strategist.

Read More: Yen May Reach Record Low Versus Euro as Prices Forecast to Fall

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Posted by Adam Kritzer | in Japanese Yen | No Comments »

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© 2004 - 2023 Forex Currency charts © their sources. While we aim to analyze and try to forceast the forex markets, none of what we publish should be taken as personalized investment advice. Forex exchange rates depend on many factors like monetary policy, currency inflation, and geo-political risks that may not be forseen. Forex trading & investing involves a significant risk of loss.