The Effects of a Weak Japanese Yen
Weak Japenese Yen
Near-Zero, the Japanese Yen, has seen the currency tumble down as BOJ works on unlimited bond-buying. On one side, investors feel that a weak Japanese Yen is a dangerous operational point; however, dovish members perceive the weak Japanese Yen as a strategy to boost the bank’s policy growth. However, the technical outlook of the GBPJPY is a clear bearish trend that requires a break below 158.973 to clear the way for a strong bearish trend.