| Forex News Center | | | JPY News Archive |
JPY Daily News
Japanese Yen Seems to Be the Best Financial Investment
The JPY underwent an extremely volatile session against all the major currencies. During early trading the JPY dropped against the USD and the EUR, however, later on the trend reversed, and the JPY returned to its previous rates.
It appears that investors are considering the Japanese economy to be the safest one, or at least the most stabile economy to trust their funds in at the moment, as the JPY is gaining strength in a consistent way, in spite of the fact the all the experts are predicting on a daily basis that the JPY is overvalued and that a downtrend is just a matter of time. It should be said that the best currency to go long on, for a few months now is the JPY, and weather you traded it against the USD, the EUR or the GBP, either way you gained profits, and a lot of profits. As long as no clearer signs are proving that the JPY has limited its bullish trend, it will retain its status as one of the best investments in the current economic turbulence.
As for today, no significant data is expected from the Japanese economy, however, the G7 Meeting that will be held during the weekend, is likely to affect the Yen as well. Traders are advised watch closely after any development from the meeting, especially for announcements regarding the Japanese economy.
Add events to google calendar
Mark all
Unmark all
Print
