We noted earlier that the stability of the euro in the face of ongoing uncertainty in the situation with Ireland. All this is evident in the ability of EUR / JPY kept in the 110-115, even on the development of fears. Another remarkable fact was the weakness of the yen against the Asian currency area in the context of her course in September. In conjunction with the move to the level of 84.00 against the dollar, Japan has become more competitive over the last month, and the trade-weighted basket of currencies has fallen by approximately 3% in November. All this allows the Ministry of Finance and the Bank of Japan continue to remain silent in respect of currency in recent weeks, and if all continues well, the silence will be purchased, at least until the end of the year.
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