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Japanese Yen May Extend Its Series Of Falls Print E-mail
Daily Forex Fundamentals | Written by ICN.com | Apr 19 13 03:39 GMT

Japanese Yen May Extend Its Series Of Falls

Japanese yen notice further decline recently before BOJ's meeting next week, where markets are awaiting also the G20 meeting in Washington.

Markets awaiting the next week's G20 meeting which may curb Japanese monetary easing to free the yen's exchange rate, where BOJ's Governor noted that G20 will spur current Japanese movements.

Moreover, Finance Minister in America supported Japanese monetary policies before next BOJ's board meeting, which is expected to show further monetary easing to reach the targeted 2% inflation and end the nation's 15-years deflation.

USD/JPY pair recorded high of 98.52 in attempts to reach the resistance level at 100.00, while the EUR/JPY pair inclined to reach 128.77 to be traded recently near 128.16.

AUD/JPY pair inclined also to 150.46, where AUD/USD pair inclined to 1.5311 after the recent slowed performance in the U.S.'s manufacturing sector.EUR/USD pair inclined to 1.3059 before returning to trade at 1.3056.

 

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