Japanese Yen outlook ~ forex trading automated robot
Today I want to talk a little about Japanese Yen and my outlook for it in the nearest future. It is not a big secret that most positions in fx market has been opened in Japanese currency pairs and these have made the biggest moves in 2012. Yen has fallen more than 1500 pips against Euro since the end of July (2012) and quite a lot against other European, commodity currencies as well as US dollar. Both direct and indirect comments from Bank of Japan and newly elected politicians on their willingness to see Yen weaker and deflation finished caused Yen to depreciate significantly. Most expect the currency to continue going down in 2013 too. Is this bearishness towards Yen really going to continue next year?
