Yen was rising dollar continues to fall euro

The yen was rising, the dollar continues to fall, the euro has updated two-month highs

AT
Thursday the yen rising against the dollar after
how the Bank of Japan did not expand
performance of its monetary
stimulation. By 10:45 MSK USDJPY stands
at the level of 118.93. The annual rate of increase
the monetary base in the central bank remains
at 80 trillion yen a year by buying
government bonds and risky assets.

Sim
Mo Siong, FX strategist Bank of Singapur,
said that, probably, the dollar
will remain for some time in the range of
117 – 122?.
“At this stage we do not see any
catalysts obvious weakening
Japanese currency “, – he said.

Probably,
The Bank of Japan will take a wait
for some time now in Japan there
though weak, but still economic growth.

the
the greenback is constrained
disappointing statistics
data: the US economy has almost stood on
place during the first quarter.
In a statement, representatives of the Federal Reserve
said yesterday that the economic downturn
– a temporary phenomenon, but still
do not plan to in the near future to increase
interest rate.

Yesterday
euro jumped to a two-month
high against the dollar and continues to
grow today: EURUSD
to
10.57 on Thursday at around 1.1219,
something not seen since 26 February. it
takes place against the background of the dollar falls,
and because fears of deflation in Europe
weakened.

Masashi
Murata, currency strategist at Brown
Brothers Harriman (Tokyo)
He says: “Based on the fundamental
Data, I think the rebound is too
strong, and it is – an opportunity to leave
in short positions on the euro. ”

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