The Japanese yen received support

The Japanese yen received notable support on the comments of the head of the Bank of Japan Kuroda, who spoke in favor of Japan’s economic growth in the near future at the Davos summit.

At the same time, the main strengthening of the yen fell on the euro, which indicates a significant overbought of the single currency. In relation to other world currencies, the yen also appreciably increased, but remains limited by recent highs. At the same time, the yen’s growth is more impulsive, which will be limited by existing trends and very positive sentiments of the market.

Fig. USD/JPY. Current price – 108.90

Fig. EUR/JPY. Current price – 135.40

Hanzenko Anton