Tuesday, November 23, 2010

JPY: The yen fell well into November, but need many more months this fall

Attention to the forex market is focused on Europe, and now, to some extent, on the Korean peninsula, so that the yen remains in the background. It certainly strengthens the position of Tokyo. Everyone in Japan was a happy, if the desire for a "safe harbor" has attracted more attention to the U.S. dollar and Swiss franc, rather than the Japanese yen. Nevertheless, if the won will begin to lose ground because of the Korean tensions, the yen is likely to benefit from this. November was a success for Japan in the context of the falling yen. However, it takes many months in the same spirit that the country felt comfortable.

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