Source: ForexYard
Following Asian trading last evening the Japanese yen experienced a slight drop from its recent period of stabilization. At the moment, the yen is trading up against the dollar at a rate of 81.42, which marks a significant decline for the yen since yesterday morning. The euro also made gains during late trading yesterday and is currently sitting around 107.59. Analysts explain that following a bit of news from Japan yesterday evening, the yen took a dive and diverted from its recent rebound. Figures released from Japan indicate the country’s first current account deficit in three years. Heading into to afternoon trading today, analysts are predicting the possibility that yesterday’s decline for the yen was a quick and short drop and could return to its rebound that began this week.
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