Yen brighten ups—

The yen which is going to bea hot topic in the upcoming G7 Meeting due to its weakness is now already on a brighter side. The European officials are ready to voice their opinions regarding the weak yen. But before that, the European officials saw the yen lifting up itself from the losses against the dollar and also against the Euro too. The Japanese Currency rose to a seven-day high against the Euro indicating that the Group of Seven nations are going to debate on the yen on Feb 9^th-10^th meeting. According to a report which was released on Feb 2^nd, stated that Washington based trading commission showed the traders that round 1, 73,000 positions profited from the weak yen. There is a concern and anxiety as well in the minds of the Japanese officials because they think that the European officials might raise voice to complain about the Yen’s weakness in the upcoming meeting. This may affect the Japanese Economy. But still it is not clear whether the Europeans are going to raise their concerns regarding the yen or otherwise.

Meanwhile, the Yen has advanced against 13 Active currencies out of 16. The Yen climbed to 120.82 against the dollar and it also climbed against the Euro by 156.35 per Euro. I

In my opinion, If the Europeans can slow-down their pace and decide not to voice their opinion against the yen, then the Japanese economy may become stable.