Monday, November 5, 2012

DailyMarkets.com - Bear Market Ahead For The Yen?

DailyMarkets.com - Bear Market Ahead For The Yen?

Bear Market Ahead For The Yen?

Posted: 05 Nov 2012 06:18 AM PST

Monday, November 5, 2012
Better than expected U.S. Non-Farm Payrolls figures for October (+171,000 jobs) have taken some of the flight to safety buying out of the Yen on Friday, sending the currency to lows not seen since late April. With the Yen starting to weaken, some analysts believe that the currency intervention to help weaken the Yen by Japanese officials could be more effective now that the trend seems to be favoring a weaker Yen.
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