The yen weakened slightly during the European session. At least, this means that the yen slightly adjusted after growth on Friday against the background of the employment data from the U.S.. This information was relieved to perceived Japanese authorities. While yesterday talked about the probable need for further quantitative easing by the Fed, the continuation was not followed because of fear of the forex market that the dollar will go to growth, supported by the comments of Bernanke. This is the correct score markets, in our opinion, and if the market it will be followed by the further reduction of the pair USD / JPY should be limited.Thursday, December 9, 2010
JPY: further reduction of the pair USD / JPY should be limited
The yen weakened slightly during the European session. At least, this means that the yen slightly adjusted after growth on Friday against the background of the employment data from the U.S.. This information was relieved to perceived Japanese authorities. While yesterday talked about the probable need for further quantitative easing by the Fed, the continuation was not followed because of fear of the forex market that the dollar will go to growth, supported by the comments of Bernanke. This is the correct score markets, in our opinion, and if the market it will be followed by the further reduction of the pair USD / JPY should be limited.
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