You can choose to sell a binary option for several reasons and scenarios.
The abbreviation for the U. The currency pair shows how many Japanese yen the quote currency are needed to purchase one U. For example, if the pair is trading at it means that it takes yen to buy 1 U. For this reason, the interest rate differential between the Federal Reserve Fed and the Bank of Japan BoJ will affect the value of these currencies when compared to each other.
For example, when the Fed intervenes in open market activities to make the U. Despite the struggles of the Japanese economy in the 21st century, the yen remains a safe haven currency, meaning in times of investor stress or market turmoil, the Japanese yen appreciates. On the other side of the coin, the yen tends to weaken when the global economy is strong and stock markets are moving higher.
In the post-Recession years, this was evident where the yen slowly lost its value against the U. The weakening was exasperated when in , the Bank of Japan embarked on large-scale quantitative easing. A cross currency is a currency rate that is quoted and transacted Forex Ratings shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information.
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