Forex news, rate of Japanese yen. Analytics call trade balance figures to be the reason for the last drop of yen rate, as the issued data has demonstrated deficit for the first time since 1980.
Investors have lately used yen as safe currency. Bank of Tokyo Mitsubishi-UFJ analytics predict that demand for yen will drop because of the recent rise of investors’ certainty, as a result of which they supported bond indexes and lowered the cost of financing for Italy and Spain .
Despite this, one should remember that Japanese currency remains a shelter during stressful periods, especially in the uncertain conditions of world economy.
The bank supposes that yen is most likely to keep rising.
Yen rate has finished bullish wave А/В of minimal Daily level. According to the experts of Мasterforex-V Trading System, the current bearish trend is forming wave А/В, which is shown by AO index at Н1. This assumption will be proved when sloping channel MF and pivot MF 76.86 are passed, and the position of AO index at Н4. Further bearish FZR will open new horizons for the growth of yen медвежий. Bullish wave А/В of Daily2 level will start being formed when the maximum of 78.27 is passed.
