Yen moves higher in currency trading
The Japanese yen forex trading forecast is looking stronger right now. As Japanese officials blast the Chinese plan for a global reserve currency based on IMF drawing rights, the yen is moving higher. Yen is especially high against the euro in forex trading right now, as the 15-nation currency takes a beating over remarks made by the German Finance Minister.
Indeed, the yen is moving higher as Japanese officials assure the markets that currencies will not be a major topic of discussion at an upcoming G20 meeting.
The Japanese yen forex trading forecast is calling for some further gains, especially against the euro. With the euro likely to be forced into quantitative easing — despite EU leaders’ reluctance — the yen is likely to remain stronger against the euro.
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