US Dollar Falls To 14-Year Low Against The Yen
The US dollar has been in somewhat disarray since the US treasury release it’s worse than expected GDP predictions on Tuesday. Forex traders at trading sites such as Forexyard who have been wise to this trend will have also noticed just how poorly the dollar (UDS) has been performing against the Japanese yen (JPY) and just how much profit there has been, a seemingly will continue to be. The US dollar has Fallen To a 14-Year Low Against The Yen and despite early morning resurgences the strength of the dollar against the yen continues to freefall.
The last time that the dollar performed so badly against the yen was all the way back in 1995. The yen itself is powerless in its meteoric rise as the price is being driven up by the dollar selling as opposed to the yen buying. There are a number of reasons for the poor performance of the dollar over recent weeks. One of the main reasons is the continuing low interest rates on the other side of the Atlantic but the US Government seem unconcerned about the dollar’s decline and say they won’t provide intervention to halt the slide.
If you speculate with foreign exchange at trading platforms like Forexyard you can make some real earnings from trading the Yen against the dollar. However, be warned that the Japanese Yen is currently in a volatile state. Even though the current trend of the USD vs JPY is a downward one the dollar has seen some huge fight backs, if only temporary, but still big enough to wipe out thousands of dollars in seconds.
Visit www.forexyard.com where you can register for a free trading account and see if you can make profit from other peoples losses.
