Tuesday, February 26, 2013

Abe's Choice Of Cemaskan Yen

Yen Cemaskan Pilihan Abe

Monexnews-Yen continued weakening of post-war Japan PRIME MINISTER Shinzo Abe said that the purchase of foreign bonds is a great option for the central bank. But analysts see the potential for reduced momentum weakening Yen as investors were cautious ahead of an announcement about who the next Governor of the Bank of Japan.

Some among the masters of the head of the Asian Development Bank, Haruhiko Kuroda, will be elected as the new BoJ Governor. While other sources said that if the former financial bureaucrat, Toshiro Muto, who is seen little more radical, still have the biggest opportunities.

"You may see some consolidation in the Dollar/Yen, given the high level of uncertainty about who will be appointed as the new Governor of the BoJ. So it is difficult to put a big position in advance, "said Saeed Amen, analyst with Nomura currency. (vid)

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Title Post: Abe's Choice Of Cemaskan Yen
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Author: Mohammad Zulfi Satriawan

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