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Is the Yen Going into a Free-Fall?

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#1    Yamato


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Posted 08 March 2013 - 11:49 AM

http://finance.yahoo... Tech. Analysis

The rapid decline in the Japanese currency's (Exchange:JPY=) value against the U.S. dollar, (Dow Jones Global Indexes: .USDOLLAR) which touched a three-and-a-half-year low of 95.45 on Friday, has analysts wondering where to place their next bets.

The yen has weakened around 18 percent against the greenback since mid-November, just before elections in December that brought the ruling Liberal Democratic Party (LDP) to power as Shinzo

Abe promised an aggressive monetary policy to revive the Japanese economy.

The nomination of Haruhiko Kuroda, known for his dovish views, as the new Bank of Japan (BOJ) Governor, has further compounded views that Japan will start its aggressive easing soon.


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