The Yen losing its color as G7 meet is near

The Yen though weak has been doing well from past one week by moving in a upward trend against the top currencies like the Euro and the dollar. And most of them anticipated that the Yen may not be the issue in the G7 meet.

But yesterday the anticipations took a “U” turn. The dollar climbed against the yen, dropping the yen to snap its two-day losses. And the Yen was bit relaxed thinking that there is no issue in the G7 meet relating to it.

But now it’s not the same case as expected. The Japanese currency‘s weakness is growing and there are all possibilities of the European officials going to hit the yen in the G7 meet. One thing is clear that yen is going to be a hot topic in the upcoming seven nations meet.

Once the above data was revealed, the Japanese Currency became weaker and resumed its downward path. However, it is said that U.S may not be involved in raising voice against the yen.

The Yen was down by 0.4% against the dollar and the sterling and 0.7% against the Euro and 0.4%.

The Swiss franc is also leading as a low-yielding currency, but there may not be the issue with the Swiss Franc in the G7 meet.

Only one day left for G7 meet. Let’s see tomorrow what would be the result of the yen after G7 meeting.