Alroy Commentary – How Yen Drives Your Investment
Dollar dropped below \100 on Monday, after a disappointing manufacturing report, which got almost lowest level a year. Generally, people in the market didn’t expect the dollar kept dropping, however, it was widely believed that the dollar’s weaker on Monday was momentary. Since investor worry Fed to pull back its bond buying program, the dollar will stretch again versus foreign currency, such as Yen. Actually, the dollar climbed to \100.27 the day after US Dollar dropped.
In spite of foreign government policy, the main factor of yen exchange rate was Japanese government’s plan. In order to boost Japan economy, Japanese Government plan to build special economic zones, therefore Japanese Government will force to maintain yen in lower rate.
In conclude, the invest strategy of global portfolio manager will base on two main factors:
1. The trend of US Dollar versus Yen
2. Global interest rate
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