Bank of Japan Keeps Its Rates on Hold
Japanese yen continues to drop in forex tradingThe Japanese yen continues to drop in forex trading on the currency market that dawn on the news that the Bank of Japan is keeping its rates on hold.
Masaaki Shirakawa, the new Bank of Japan governor, defended the move, in spite of the inflation that is affecting Japan, insisting that the Japanese economy is different from the economies in
Keeping the Japanese interest rate so low is undoubtful to ensure that the yen remains a favorite funding currency for the carry trade for quite some date to come — as faraway as risk appetite remains favorable.
See Also
- Japanese Yen in Currency Trading
Forex trading on the currency market
Original post by Eric J. Fox