Market Research: JPY

Source: Dukascopy Bank SA
Almost a month-long decrease of the yen index, caused by the Japan's Pension Fund reform, seemed to have come to an end, and the past periods saw it start to recover. During the past five trading days the JPY Index was sharing the second-best's status with the CAD gauge, but disappointing Canadian GDP pushed the Loonie down, and the yen ended the period losing only to the Greenback. The 2.08% decrease made the Kiwi the main loser of the period. The NZD Index was on a downtrend since the beginning of the period, and the confirmation of the RBNZ intervention in the currency market last month resulted in a dramatic fall of the Kiwi to its new one-year low.

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