The rate of currency: USD and EURO dance waltz over Japanese bones
The rate of currency: yen is falling in value
In brief: The rate of currency: EURO and USD are going to crash hyena. And they succeed in itYen is falling down rapidly. Japanese currency has tried its best to stand the double push of EURO and USD but is going to reach the historical minimum. Westernized analytics consider yen ready to make its greatest fall down since 2005. But it is not right time to consider its collapse of hyena though it couldn’t be unnoticed by traders of Tokyo.
The traders from the Land of the Rising Sun never tried their best to earn quickly. They used to wait and then go ahead as a Teutonic pig.
The cost of losses’ hedging has risen up to $76160 for every $10 million national bonds this month. In order to compare it was $37000 in August.
The plans of the new government about record expenses have caused such situation.
The financial situation in Japan seems horrible. Japan has an unprecedented debt, almost zero interest rate, increasing budget deficit and the worst recession. All this is against yen.
Ukranian Globalist2009-11-16 19:45, Currency news, Economics.