Excerpt from: Forex Analysis
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| October 24, 2008 | | Currency trading with the Japanese yen | Right now, even though the U.S. dollar seems unstoppable in forex trading against the commodity currencies, the euro and the pound, it is struggling against the Japanese yen.
In currency trading, the yen continues to pummel former high yielders like the euro and the greenback, which keeps on cutting interest rates. Indeed, the Fed is expected to cut interest rates again in the relatively near futures.
This move, meant to give a boost to the ailing economy, will likely serve to further strengthen the yen against the U.S. dollar in forex trading.
| Topic Tags: currency trading, currency trading yen, forex trading, interest rates, Japanese yen, U.S. dollar forex trading, yen forex trading | |
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