EURJPY Comment down

Geopolitical influences do not play a role in sustainably subsidizing the Yen. Yesterday the USD/JPY exchange rate once again approached the observation level of 150; Specifically, it reached 149.74, then decreased slightly back to 149.56. The Yen has recently been fluctuating around the observation threshold, currency investors in the market are still observing the actions of the Japanese Government.

While many investors are still observing the market, many others determine that the Japanese Yen is in its 'weakest' stage and is 'bottom-fishing' for the Yen.