Yen recovers, showing swings against greenback
On Monday, the Japanese yen managed to recover, as investors focused on the BOJ’s gathering, reportedly aimed at further monetary easing.
In general, market’s demonstrating downbeat sentiment as for the Fed’ might increase interest rates on Wednesday and this uncertainty makes the world economy shaky.
Meanwhile, the dollar index edged lower 0.2%, trading at 94.963. The greenback fell 0.5% against the Japanese yen.
On Monday, German Ifo indicator might offer some clear direction. At the same time the British pound stands still.
The British pound was wavering around its month’s peak against the greenback and the euro, after Barack Obama warned that Brexit could bring a lot of harm to the UK.
On Friday, the Japanese yen went down 2.1% - the most impressive slump since Haruhiko Kuroda, the BOJ’s chief announced the second wave of monetary easing. Then a report came up that the Bank of Japan might apply negative rates to tis lending program for various financial institutions.