Yen Stops Just Short of The Level of 100 Per Dollar ($)

Japanese Yen stopped at a level it hasn’t reached in four years and it was just short of 100 to the dollar as it slid on April 4 when unprecedented stimulus measures were announced by Bank of Japan to end deflation of 15 years.

Yen, the currency of Japanese nation gained yesterday and paring a second weekly loss after getting the signal from technical indicator that it had dropped very much and too quickly. On the other side, Australian and New Zealand Dollars have gotten an increase as higher-yielding assets were sought by investors. Alan Ruskan, the global head of Group of 10 Foreign-Exchange strategy in New York Deuts said “The real tension is on the yen”.

Rate Range Projection by Bank

Next Week
98.00 - 101.00
Next 3 Months
95.00 - 105.00