Disappointing news from Japan and the fall of the Yen.
Recently, Japan has been increasingly worried about natural disasters; before the country has had time to recover from one shock, a new disaster brings trouble. It is clear that frequent earthquakes cannot but affect the infrastructure of the state and its economy, although the main blow was dealt not by nature, but by external factors.First of all, this is a significant drop in exports; in October, compared to last year, exports of Japanese goods fell by more than 10%.
Moreover, this is not a short-term decline, but a long-term trend; a decrease in demand for goods from Japan has been observed for more than a year.
The main reasons for this situation were the general deterioration in the global economy, which caused a sharp drop in demand, consumers are now buying essential goods, unfortunately, electronics do not fall into this category.
It is for this reason that when trading forex you should be wary of transactions to sell the yen, since every day the likelihood of a correction, and possibly a trend reversal, is only increasing. Current yen exchange rate - http://time-forex.com/grafiki