Desperate Times for the Yen

The Yen which has gone up yesterday is again down drastically. The yen which is now set for a third-week of losses after the Government report revealed that a consumer prices rose less than expected signaling the fellow traders to cut bets on Bank of Japan Interest-rate increase next month. The Yen dropped hugely against the top currencies like the Euro, the Dollar and the Sterling. Out of 16-Active currencies, the Yen dropped against 13 currencies which includes the British Pound and the Australian Dollar. This huge drop is because the Japanese Government is going to keep pressure on policy makers not to raise borrowing costs.

The Japanese Currency is in such a position that every other trader wants to sell the Yen and buy High-Yielding currencies. Japanese Currency today to be the weakest since almost from four years against the U.S dollar and a record low against the Euro. The Yen fell to 238.68 against the British Pound and 94.04 against the Australian Dollar.

Yen’s position isn’t well these days!!---What is stored for the Yen in Future Let’s See?