Despite improvement of a condition of dollar in last 24 hours, the yen still advances it, and pair USD/JPY was more low 82 this morning. Capability of yen to advance dollar in the first day of essential aversion of risk during some time is of interest, especially taking into account quantity of short dollar positions. First of all it can mean that till yesterday was a few short positions on dollar against yen though last data CFTC suggests otherwise. Secondly, it can mean preference of yen before dollar if now we enter into the period of aversion of risks. Thirdly, the market форекс can be less concerned banking policy of Japan which has produced recently world furor because of the currency intervention. Steady and gradual bearish pressure continues to be put upon pair USD/JPY. It is difficult to predict that can change a situation in short-term prospect.
Translate this page
