Today the US dollar appreciated against JPY due to signs of global economic recovery.The gush in U. S. housing market is also one of the reasons for the rise.
The JPY depreciated against most of the currencies as central banks indicate that they will increase interest rates to control rising inflation. In recent past most of the global currencies were not able to attract the attention due to unfavorable economic conditions & that was acting as a stimuli for JPY as comparatively it was an attractive currency. But as the U.S. & global economies are showing signs of recovery the JPY is bound to fall.
The JPY depreciated against most of the currencies as central banks indicate that they will increase interest rates to control rising inflation. In recent past most of the global currencies were not able to attract the attention due to unfavorable economic conditions & that was acting as a stimuli for JPY as comparatively it was an attractive currency. But as the U.S. & global economies are showing signs of recovery the JPY is bound to fall.
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