Just when you thought it was going to look appetizing for importers to again seek out goods from Japan the Japanese Yen began an ascent against nearly every major currency, except of course for the US dollar which is in a tailspin. Much of the pair’s current underpinnings with regard to the Japanese Yen not making gains against the dollar have to do with recent US quantitative easing being done by the Federal Reserve. Such “easing” has caused the dollar to lose value even against the Japanese Yen, which might be a celebrated event among Japanese exporters but for traders it signals an all ballgame. Everything certainly seems to be going upside down where the Forex market is concerned and we are all certainly not accustomed to these trends but we had better learn quickly....
0 comments:
Post a Comment