Good time to convert Yen ?
What a love hate relationship the market has with Abenomics ,
One week they love it , then they don’t , then they do !
Japan ( Prime Minister Abe ) is trying to change a whole country the way of thinking , the way they do business , international role ! I don’t envy his task at all but he has done so much so far , he is one of the highest approval rating of any G8 nation leader and he hasn’t been in power that long!
Yen should you buy or sell ?
All comes down to greed and fear factor .
If you converted ¥ today you get 5% more than you did 2 weeks ago . But I know what some of you are saying but if I converted last year I would have 30% more ! I totally agree with you , then I ask the question why didn’t you ? As you expected it to keep strengthening ?
USD / JPY
Unemployment figures keep improving I see USD strengthening .
GBP/ YEN
Looking at the figures coming out the UK the economy is improving at a quicker than expected pace ! £ strengthens .
Euro / Yen
All comes down to the constitutional court ruling on the EBC bond purchases and is it legal !!
Beurocrats ! Mario Draghi had the balls to do something when the politicians did nothing .
AUD/ JPY
Election is nearly upon us ! I can see the yen and the ozzy weakening . Could be around the 91.
My advice is if you happy with the price take it , if you in it to speculate and make money be careful , the market turn very quick and you could loose money !
Tony Evans
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