Market Research: JPY

Source: Dukascopy Bank SA
The Japanese currency entered into decline phase on Thursday during January 14-20 time period, which was, to a great extent, caused by the decision of the Swiss National Bank to decrease the deposit rate even lower to –0.75% and abandon its exchange rate limit with the euro at 1.20. As a result, all currencies on the market dropped against the franc. JPY/CHF, in particular, declined as much as 14.93%, which was not the worst result. The franc itself managed to gain 16.26% during the mentioned period and the most changes took place on Thursday. Back to the yen, it gained the most value against the euro last week by 1.14%.

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