Market Research: JPY

Source: Dukascopy Bank SA
Though the markets were waiting for the Japanese Yen to start falling, it was not until the end of last week, when the bears finally took control of the situation and initiated a downward trend that still remains intact. Before that the value of the Yen was fairly stable, and even at some intervals it was attempting to gain some value, as was the case last Thursday, when continuously disappointing data from the Euro zone prompted investors into buying safer assets, and only surprisingly positive reading on the U.S. GDP prevented the Yen from appreciating even more. The next day proved to be critical for the Yen, as the risk-avoiding sentiment has somewhat subsided in the light of better worldwide macroeconomic background, heralding a new trend.

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