Japanese Yen Suffers At Forex Markets Across The World

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Etoro

Forex traders and investors saw the Japanese Yen Suffer At Forex Markets Across The World as the Bank of Japan prepares more inflation curbing actions. The yen fall sharply against the euro and also against higher-yielding currencies such as the Australian and New Zealand dollars during Friday’s trading. The US dollar rallied against the yen as better than expected job figures were released from across the Atlantic.

The Japanese currency has been under enormous pressure recently as inflation for the Asian country’s economy continues to sky-rocket, with the Japanese Government preparing further inflation curbing measures. In turn, this has caused caution among Forex traders at companies such as eToro, with many of the JPY pairs reflecting the market moods.

The US dollar rose to as high as 90.52 JPY during Friday’s trading and at the time of writing this article the price for this particular currency pair was 90.38 JPY, approximately 1.5% up on the day.

The euro also steadied against the yen following a turbulent week for the pan-European currency. Following, what some would describe as a tempestuous week for the euro the single currency began to make headway against currency pairs including the Japanese yen today. The euro climbed 1.6% against the yen, coming in at 122.93 JPY.

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