Monday, November 15, 2010

JPY: The growth of yields on bonds contributes to the pair USD / JPY

South Korea favorably influenced by Japan during the night, as the Minister of Finance has confirmed that we are working on measures to control capital in order to reduce currency volatility. These data put pressure on vonu during the last week, which led to a reduction of more than 2% against the dollar. In turn, this contributed to the weakness of the yen, and the pair USD / JPY rose to 83.0 last night. Another factor that gave impetus to the dollar, has been the growth yield of Treasury securities. Yield U.S. desyatiletok rose to 2.83% at night, which is a two-month high. Nightly News that Japan's GDP grew by 0.9% qoq in the third quarter, the yen did not have any support. Tokyo will be happy if the pair USD / JPY will continue to move away from level 80, though from this point of view, a truly good will, when the pair USD / JPY will be about 90.

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