Currencies  |  February 04, 2013 18:49:09

Japanese yen pushes down the Czech crown

After a period of gradual strengthening of the Czech crown against the Japanese yen, while probably occurs fault, or at least a large course corrections.
Japanese measures to strengthen its economy is starting to translate into financial firms and Panasonic excellent results after markets await another Japanese company. Estimates are very optimistic, but we must not forget that a good result is not only due to price reduction yen, but also the release of thousands of employees and the overall restructuring that the Panasonic in recent months had passed.

Japanese only now corrects almost all pairs. So the currency pair CZK / JPY is no exception.
Tomorrow we expect macroeconomic data on the Czech koruna and the publication of retail sales and on Wednesday after the trade balance and the interest rate announcement.
Japanese data this week will be almost no business, and next week is launching bank holidays, Japan and China.

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