Jan 24 2013
Yen Goes Down As Minister Stated Its Slide Isn’t Ended
Keeping in view a target of 2% this week, The Bank of Japan announced open ended easing. Yen experienced fall against dollar which stimulated the fall of its, Consumer prices experienced a decline in prices due to monetary stimulus by Central bank. Governor Masaki said that he would make some considerable efforts to achieve the target price as the Japanese Currency remained weaker touching 21/2 year low.
Thomas Averill (MD at Rochford Capital) said that market is looking for some excuses to sell the Japanese yet at the moment.
Rate Range Projection by Bank
89.00 - 91.00
Next 3 months
85.00 - 95.00