JPY & AUD – Yen Still Very Strong

The JPY continues to battle within the highest points of its value against the USD as the Bank of Japan expresses its desire to have a weaker currency. The problem for Japan is that it has not been able to show the investment world that it has the capability of stemming the JPY’s climb in value. The AUD gained yesterday as Gold prices also traded at highs. The political situation in Australia has started to move and some answers may be coming soon regarding the gridlocked election.

Written by bforex.com

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