Monday, May 12, 2014

Euro and Yen , time to decline ?

Our busy week has started as expected and many questions are looking for answers at this point .
many traders are wondering themselves right now if the Euro and the Yen have come to a reversal point.
The ECB is ready to act in June as Mr. Mario Draghi (president of the ECB ) mentioned this past Friday in his speech, and  Japan's current account shows that surplus continues shrinking.

What if Japan's current account surplus turns into a deficit as figures show long term?
How is Japan going to attract funds into its financial markets in order to to pay bills? having one of the lowest interest rates does not help this task. In case of a change in the interest rate policy might cause the yen to weaken even further .

Busy and interesting week with many opportunities for traders.




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