Colosseum a.s. (Colosseum a.s.)
Commodities  |  November 21, 2012 14:47:28

Extreme bargain at the Japanese yen continues



ColosseumThe USD / JPY today grow by 0.9 percent to Y 82.42 per $ 1, which is the highest since April this year. Since early October, the yen has depreciated by 7 percent. The only downside is the strong speculation about the next release of Japan's monetary policy, as the economic situation of the country is very bad. Data on the trade balance showed decline in exports by 6.5 percent. Exports, shall be reduced for 5 months in a row. Commercial balance deficit ended in October, 549 billion yen, while analysts expect the deficit 360 billion yen.

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