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  4. The Yen Rises
Scott
  • Posts: 2
  • Joined: 01/06/2012
Then yen advanced against most of its peers as market participants run to buy safe haven currencies after the Chinese trade data disappointed . The Japanese currency climbed 0.5% to 96.20 per euro, adding to the weekly gain of 1%. At the same time the low-yielding currency rose 0.4% to 78.24 per dollar. Eurozone’s common currency traded almost unchanged, at $1.2298, after declining as much as 0.5% earlier in the session. The euro is headed for a weekly loss of 0.7%.

Source: binaryoption 
Elena Watt
  • Posts: 136
  • Joined: 23/04/2020
As per the analysts said in their latest dollar to yen forecast for regarding 2021. The break in the 2015 to 2021 downtrend as well as rise above the 55-month moving average at 109.06/109.28 is bullish, the analysts further added that putting the short-term target at the April 2019 as well as February 2020 highs at 112.23/112.40.
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