23.04 - USD/JPY can cause a lot of troubles for us
- by Anna K.
As trading comes back in full swing today we are turning our eyes towards Japan where the Central Bank is going or not going to alter monetary policies of the country and traders, awaiting the decision on the policies are starting to suspect that the outcome might not be as good for them as they anticipate. With that yen first became stronger against the greenback but right now it is losing positions. As we all know – changing monetary policies and their expectations is always the reason for the altered performance of the currency couple.
As we can see on the chart traders first firmed yen and now the time came to decreased its price against the greenback. It is entirely possible that the chart is going to be this volatile until the meeting that is scheduled for this week.