The Euro hit a fresh record high against the yen and gained 0.4% with having an all-time high of Y156.76. and gained 0.2% against the dollar. The Yen came under real pressure when the data revealed that the Japanese industrial production rose by less than the forecast thus enabling the Dollar to gain 0.2%. But later on the yen gained some ground and recouped some of its losses amidst the continuing speculation. But could not do well against neither the Euro nor the Dollar.
However, it is anticipated that the Yen may loose ground in the New Year too.
Let’s wait and watch how the Yen Market will play the game
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