JPY on the upswing, USD insecure before Fed meeting next week
The Japanese Yen's upward trend continues the second day in a row. Following the publication of figures on the Consumer Price Index, which showed the highest increase since 2008, investor confidence rises to the effect that the BOJ will take no further action to stimulate the economy. Against the U.S. dollar, the yen currently posting a rise of 0.72%, and the pair USD/JPY is currently trading at 0.9858. Against the EUR it is up currently 0.75% and the EUR/JPY is at 1.3084.
The USD is carefully considered of investors, before the Fed-Meeting on interest rate decision on Thursday next week. This is probably attributable to some speculation to the contrary. They suggest, first, that the Fed could their purchases of bonds from the current 85 billion dollars a month in September to 65 billion U.S. dollars drive back. Manifestations of Fed Chairman Ben S. Bernanke, the U.S. economy needs to return only in safe waters and the unemployment rate should drop to at least 6.5%, suggest continuing the purchases at current levels.
Risk Warning / Disclaimer
The opinions of the author to market behavior do not constitute a solicitation to buy any financial products, but are merely a personal opinion. When you go into the trade in leveraged financial products, you must be aware that a loss up to the amount of your deposit and in addition, can also be an obligation to arise. Make yourself familiar with the active trade or get independent advice before you invest your own money and use only invest money that you can get over the worst case.