Wednesday, December 1, 2010

JPY: Japan's economy heads for a new recession, the yen rising

On the background of the U.S. dollar, who returned part of your positions at night, the pair USD / JPY went down to a minimum of 83.38, although, later, she regained some of their losses. Have not helped the yen and growing fears that Japan's economy heads for a new recession. Bank of Japan board member of the Court suggested last night that in the current quarter GDP decline might occur, but deflation is delayed longer than anticipated. In general, the pair USD / JPY remains outside the focus of the forex market at the moment, since all of it focused on the euro.

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