U.S. Treasury Secretary Jack Lew stated that Japan has “growth issues” to deal with but, they need to be handled the right way to avoid competitive devaluations. (Reuters)
Going into the G7 Meetings, the U.S. has warned Japan to play fair when it comes to currency valuation.
“The Bank of Japan isn’t targeting currency rates, which are determined by the markets,” Bank of Japan Gov. Haruhiko Kuroda said.
In spite of how it has been accomplished, the Japan Yen weakness in the Forex market is becoming legendary. With the USDJPY crossing the critical 100.00 barrier (Actually crossed 101) and the EURJPY trading at a 3-year-low, the Yen weakness is definitely not showing signs of stopping.
Also, make sure you read our Forex Trading System article!
Latest posts by admin (see all)
- How To Plan a Trade From Start to Finish - May 3, 2016
- How To Trade The Eur/Usd Right Now - April 29, 2016
- Eur/Usd Could Move Higher Based off of Support Pin Bar - February 19, 2016
Winner’s Edge Trading, as seen on: