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Business / Finance

The foreign exchange market. The yen is now unstoppable

Forex Club 22.11.2017 at 12:35

USD/ JPY for a long time, hesitated, but finally decided. The pair made several attempts to gain a foothold below 112,00. And this after almost 3 weeks spent above 113,00.

first, this means that the above 115,00 no investor is willing to pull a few, even with the upcoming rate hike from the fed.

secondly, the market has changed the guidelines. Fewer investors care about the December increase, as more and more steps of the fed in 2018. And, it seems, there will be little, as the economic data is not too excite consciousness. In the current environment, USD/ JPY has the potential for further fall with the immediate goal at around 111,70.

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