Excerpt from: Forex Forecast
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| June 25, 2010 | | Japanese yen forex trading forecast | It is quite likely that Japan will consider to see deflation in its economy. The pace has slowed somewhat, but deflation is still an issue in Japan, as evidenced by the yen's rise against the euro -- and its strength against the U.S. dollar.
The situation in Japan continues to be tricky, and one wonders whether more political resignations will come if the country can't get its economic growth under control.
GFT's Boris Schlossberg examines the Japanese yen forex trading forecast and Japan's deflation in FX360:
Despite a pickup in consumer demand deflation is likely to remain in
place for the foreseeable future given the strength of the yen against
the euro this year. The recent strengthening of the yen against the
dollar with the pair dropping through the key 90.00 level will only
exacerbate this trend in the second half of 2010.
| Topic Tags: Boris Schlossberg, deflation, forex trading, forex trading forecst, FX360, Japanese yen, U.S. dollar | |
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