The Japanese Yen decreases against the USD
The main point to be singled out is that the Japanese Yen declines for the second consecutive day on Forex. The sole reason is the current situation occurred at the markets. The United States dollar became more attractive for the traders and that is why the Japanese currency is being sold off.
We should also mention that despite the fact that the greenback increased for the second time this week in relation to Japanese Yen, the Yen itself has also decreased in relation to such currencies as British pound and South African rand by 5% and 11.5% interest rate correspondingly.
Nevertheless we can not state at the moment that the time of recovery period has come and the financial crisis occurred is not the thing to be afraid off in the high-risk Forex trading. What happens at the moment is only a temporary period showing us the changes in investor’s interests that are caused by certain growth of the United States economy.
Finally we have to say that several experts are quite convinced that there is more space for the USD/JPY to move to and more time is required for the whole recovery to happen. As for the concrete numbers the USD/JPY grew to 104.68 point from the 104.38. The previous day’s growth was 0.4%.
