Daily News | The dollar is falling again

It looks like the dollar hit a one-month low against the yen this Tuesday. Its value is now 100.43 yen, which is the lowest level in the last couple of weeks. Teppei Ino, Bank of Tokyo-Mitsubishi UFJ’s expert, said that there was a “broad acceleration in dollar-selling momentum”. Let’s also mention that this momentum started on August 2, when the price was 100.68 yen. Most analysts agree that the dollar will probably keep falling against the yen over the next period of time (a couple of weeks, maybe even a couple of months), so if you trade USD now would be a good time to react. Heng Koon How, senior FX investment strategist for Credit Suisse, claims that Bank of Japan’s easing will be vital for the yen when this institution conducts its next meeting. He also added that the decisions that Bank of Japan has made so far were disappointing. Looks like the entire world once again has to wait for the next meeting of the Bank of Japan.
The greenback’s current weakening was partly caused by John Williams, the president of San Francisco Fed. In his paper he stated that central banks will be forced to raise inflation targets and focus their attention on growth. This will mean backing much less rigid financial philosophies in the future. As a result, the dollar immediately fell 1 percent against the yen. Stephen Gallo from Canada’s BMO in London highlighted that the dollar was being weighed on by the limited appetite for Fed trades. It seems like the time has come to sell some bucks!

Daily News | Trade as safely as possible

If you want to be sure your money and your personal data are not exposed in any way, you should open an account with Banc De Binary. This revered binary options broker has been around for years and the people working there know exactly how to approach their client and how to make them feel comfortable. Our Banc De Binary Scam Test 2016 has clearly shown why this broker is so reliable, so give it a read if you want all the info about their security system.

TRADE IN A REGULATED AND SAFE ENVIRONMENT
Author's overall rating:
Author: Max Rothstein
Updated:

RISK DISCLAIMER
BinaryOptionsTrading-Review.com has taken reasonable measures to ensure the accuracy of the information in the website, however, does not guarantee it. The data exhibited in this website is not necessarily always real-time or completely accurate; this includes market analysis, forecasts, signals, assets’ price quotes and charts. Readers should not treat any opinion expressed by the authors of BinaryOptionsTrading-Review.com as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of their current opinion. The risks involved in trading binary options are high and may not be suitable for all traders. BinaryOptionsTrading-Review.com doesn't retain responsibility for any losses readers might face as a result of using the information presented in this website. This website is owned by Next Media Corp.
In accordance with FTC guidelines, BinaryOptionsTrading-Review.com has financial relationships with some of the products and services mentioned on this website. BinaryOptionsTrading-Review.com may be compensated if consumers choose to click links in our content and ultimately sign up for mentioned products.