Japanese Yen at 11-month low against the greenback

Note: This section contains information in English only.
Source: BBC
The Japanese Yen attained the 11-month low against its US counterpart as the greenback drew strength from signs of recovery of the US economy. Currently, the pair USD/JPY is traded at 83.85. The value of the Japanese Yen is even lower than in October when USD/JPY was traded at 75.31 that forced the central bank t to intervene in the Japan's currency market. However, the weak Yen is welcomed by the Japanese exporters as it makes the goods more attractive for foreign customers.



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