Market Research: JPY

Source: Dukascopy Bank SA
It seems that a long-term decrease of the yen index, caused by sluggish economic growth, decreasing inflation and further easing of the BoJ's monetary policy, is not ready to come to an end in the foreseeable future. During the past five trading days the JPY Index had the second-worst performance along with the GBP gauge. The yen ended the period losing as much as 1.26%, while a 2.04% decrease made the pound the main loser of the period. On the other hand, the New Zealand's dollar was the best performer during the period, as it's index grew 1.27% on news that the RBNZ is going to continue tightening monetary stance and keeping mortgage restrictions in place.

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