Market Research: JPY

Source: Dukascopy Bank SA
Until the end of calendar week ended April 8, the Yen, without any suspicion, was the best-positioned currency across the board, given shaky conditions under which it was forced to trade. Analysts are concerned about efficiency of the Bank of Japan's negative interest rate policy and success of Abenomics. Some crosses have risen to the highest level since 2014, definitely in favour of the Yen. Another active component was the Canadian Dollar, which eventually became the boss of the period, by outpacing its Japanese peer on Tuesday amid clambering oil prices. In the meantime, others have remained widely silent and hovered, for the most part, below the base line.

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