020 7898 0500After a blistering start to 2016, the Japanese yen has started to derail, losing over 2% against sterling this week. Retail sales out on Wednesday were disappointing, falling 1.2% short of expectation. Household spending and the Tokyo Consumer Price Index were out last night. The main event though, which has weakened the yen across the board, is their central bank has followed the European Central Bank and made their interest rate negative.
Are you looking to buy or sell currencies? Contact your trader now for live rates, news and currency purchasing strategies.
