(eToro Blog) Given the markets’ uncertainty of the future in light of the myriad economic and political issues in the Eurozone, and lingering doubt as to the recovery of the U.S. economy and the role the Federal Reserve now intends to play, most traders are keen to craft a strategy that will provide maximum profits [...]
JPY
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On OpenBook, Yen Creeps Higher as BoJ Worry Recedes
(eToro Blog) The Bank of Japan decided earlier today to make no changes to its current interest rate of 0.1% which was not unexpected; however, neither did they include any additional stimulus measures which did catch some investors by surprise as they had expected to see more easing. Now, investors will have to bide their [...]
Yen Higher as Japan’s Fiscal Year End Looms, but is a Correction in Store?
(eToro Blog) As Japan’s fiscal year end approaches, and undeterred by the Bank of Japan’s recent actions to suppress the rise, the Japanese Yen is being pushed higher attributed, analysts say, to the carry trade investors who buy the currency to fund higher yielding instruments. Indeed, a look at the major pairs and it clear [...]