The yen is bending the correction line
10.12.2014
The Japanese yen corrects its positions in tandem with the US dollar for the third trading day. And it is nice to see, especially after the greenbacks sent the yen to the maximum of seven years. Everyone who is afraid of heights can exhale and take a break: to continue the uptrend, the pair needs to cool down.
Meanwhile, investors are clearly worried about the near future. On Thursday, December 11, the international rating agency Fitch will discuss the problems of the economy of Japan, and maybe even publish some economic forecasts. Rating observers have not "tortured" the Japanese economy with attention for a while, so the findings can show a lot.
Now Japan's rating from Fitch is at the stage of A + with a “negative” outlook.”
All that may interest Fitch is, in general, in plain view: plans for tax tightening, problems with public debt and its rapid endless growth and so on.
RoboForex Analytical Department
Meanwhile, investors are clearly worried about the near future. On Thursday, December 11, the international rating agency Fitch will discuss the problems of the economy of Japan, and maybe even publish some economic forecasts. Rating observers have not "tortured" the Japanese economy with attention for a while, so the findings can show a lot.
Now Japan's rating from Fitch is at the stage of A + with a “negative” outlook.”
All that may interest Fitch is, in general, in plain view: plans for tax tightening, problems with public debt and its rapid endless growth and so on.
RoboForex Analytical Department
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.