Japanese Yen at Risk for Further Weakness on Slowing Recovery

Posted by Gold Trading on Aug 17th, 2012 and filed under Currencies, Yen. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

The Japanese Yen struggled to maintain the range-bound price action against the U.S. dollar, with the USDJPY rallying to a fresh monthly high of 79.56, and the low-yielding currency may depreciate further in the week ahead as the economic docket continues to cast a weakened outlook for the region.

Read the original:
Japanese Yen at Risk for Further Weakness on Slowing Recovery