Tuesday 2 May 2017

The prospects for the yen till the end of the year

The environment can be defined as ideal for the Japanese yen. On the one hand, geopolitical uncertainty and the potential growing demand for yen are as a result of it and, on the other hand is the Japanese Central Bank's "tied hands", in background of Trump's efforts to devalue the dollar.
It has been rare in history that the US president has openly spoke that his country's currency is expensive, as we have already seen from Donald Trump. In this aspect, Trump would not hesitate to condemn the intervention of the Japanese bank and this is probably a well-known fact for everyone.
We can not ignore the forecasts of the former Japanese finance minister, in the face of Eisuke Sakakibara, also known as Mr. Yen, who has been warning since mid-last year that the dollar is heading for 100 yen. Sakakibara confirmed his position again this year.


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