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JPY weak ahead of PM’s announcements - DBS

FXStreet (Barcelona) - Analysts at DBS note the Japanese yen to stay weak ahead of possible announcements by PM Shinzo Abe today.

Key Quotes

“Overall, yen bears are hoping that today’s announcement will help to lift the Nikkei, and in turn, push USD/JPY higher. Like it or not, USD/JPY has already risen sharply to 117 from 102 since August. Effectively, the yen has already depreci­ated more than 13% against the USD in a short three months.”

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