USDJPY (90.65, -0.3900, -0.43%), opening to go, now trading at around the 90 mark at the top. Japanese Prime Minister Shinzo Abe's key economic adviser Takenaka [microblogging] said on Saturday, the yen further depreciation space. USDJPY performance from last week, after the Bank of Japan interest rate decision once callback, but has returned to an upward trend in the currency market outlook still further skewed higher.
(Heizo Takenaka), Takenaka, Japanese Prime Minister Shinzo Abe (Shinzo Abe) important economic adviser, said on Saturday (January 26), the yen, there is a further depreciation of the space, many people believe that the 95 yen the dollar is more appropriate. He also refuted the outside of Japan by loosening monetary policy to guide the depreciation of the yen strong protest.
Takenaka clearance Forum in Davos, Switzerland, said the yen's recent decline Prior to a correction of excessive appreciation, the Bank of Japan (BOJ) latest easing measures to fight against deflation, rather than to let the depreciation of the yen.
Takenaka said the yen exchange rate correction has only just begun, that the yen has excessive devaluation is unjust. According to him, in the past five to six years, the appreciation of the yen against the U.S. dollar and the Korean won up to 40% and 50%, and so far dropped by only 15% and 20%.
He said, do not have a very scientific method to calculate the final exchange rate of the yen, but many people believe that the U.S. dollar is a more appropriate level of about 95 yen.
Hind, Japan to the government, down to the central bank still bite and hold on loose monetary policy and the depreciation of the yen is expected to make the yen future continue to face heavy pressure, USDJPY still further higher tendency
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