Yen Goes Down As The Price Data Fans BOJ Eased Speculation

The Yen slides seven-months low against Euro after the data showed that consumer prices of Japan were stagnated last month. Fanning speculation, the central bank is looking to increase stimulus to spur inflation.

Today, Shinzo Abe the leader of Japanese opposition Liberal Democratic Party called for all the measures for boosting the inflation to 2%.

Dollar was also near a 1 month low versus the Euro as the Democrats and Republicans. The dollar was near a one-month low against the euro as Democrats and Republicans wrangled over the spending cuts and taxes enhancements of the financial year cliff looming in January for the U.S.

Rate Range Projection by Bank

This week
80.00 - 83.00
Next 3 months
78.00 - 85.00