Hot Yen become Cool at once!!

Hi Friends!!!

If we want to

earn money quickly, generally we all concentrate on trading. We trade on the world markets. So, if we have a look on the currency markets, there is always some or the other hot topic going on.

At the moment,

the Yen which was weak from past one week is surprisingly doing well amid some strong carry trades. The Yen has been gaining against the U.S dollar from past two days. But the U.S dollar is not so unattended. It was waiting for a chance to take revenge, and it made all preparations and took the rival yen down by snapping two-day losses against the Yen. The Yen all of a sudden became very cool.

Today, the U.S treasury auction indicated a strong bounce in demand from the global investors. The U.S dollar traded at 120.27Y from 120.10Y. The dollar may rise today to 120.75Y. Investors which included Foreign Central Banks bought the most treasuries yesterday for sale encouraging speculation demand to be stronger today at the auction.

Two-Days to go for G7 Meet:

The chances of Yen’s weakness becoming an issue in the G7 meeting are more. The Meeting is hosted in Essen, Germany on February 9^th & 10^th. But whether the Yen is going to be the highlight in the meeting or not, it’s still unclear.

In my opinion, lets Wait and watch is best for now.