Will Yen Continue to Sink Future?
Bank of Japan hiked interest rates for the first time in 17 years, the Japanese Yen instead of strengthening, it crashed. The Japanese economy is in the making with a higher inflation to come and a weaker yen. $Japanese Yen - main 2406(JPYmain)$
When a central bank increases its interest rate, its currency should appreciate because investors depositing their money will now earn interest. This should attract investors to buy into the yen, causing it to rise. However, the opposite has occurred since March 18th.
What could be the reason the yen may continue to sink further despite potential rate hike in the future?
Follow me to learn more about analysis!!
https://www.facebook.com/Weipedia/?ref=page_internal
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
