Thursday, March 29, 2012

Forex - RBS : Japanese Yen keeps strengthening

Forex - RBS : Japanese Yen keeps strengthening 

USD/JPY continues its decline as Japanese exporters are seen selling US dollar in large amounts as the nation’s financial year ends today and MSCI Asia Pacific Indexfell by 0.8% after losing 0.5% yesterday. Strategists at Royal Bank of Scotland say that yen is now more correlated with the stock market’s moves, so they are in favor of selling USD/JPY. Read more