Forex

Foriegn currency trading

IBB yrs of 1985 – 1993,when the Naira went from 0. OBJ yrs when the Naira went from 85. Many businesses say it is appropriate for the dollar to be around 95 yen for trade, so we must work with the Bank of Japan to bring it to appropriate levels taking into account the various effects currencies may have on the Japanese economy,” Kan, who is also deputy prime minister, said. It would be nice if the yen weakened a bit more,” he said.

87 per dollar after Kan’s comments from around 92. The yen has come off a 14-year high of 84. 82 per dollar in late November but Kan’s comments reinforced expectations he would be more inclined to act against excessive yen rises. Japan’s key exports industry is slowing emerging from Japan’s worst post-war recession so a weaker yen would be welcomed.