Forex – Euro Yen rallied ahead the dollar, what will be its next move? - The yen hold the dominant position in the forex market on account of sharp decline in Asian trade. After the weak US retail sales data investors experienced the possibilities of heading recession in the economy, on account of which yen went to record high against dollar since 2005, recently the dollar is trading at 107.41 yen from 107.60 yen the late Wednesday. Since dollar is degrading on account of weak economic data there are possibilities for the decline in the rates by the Federal Reserve but what will be the ultimate result of all the activities in the world’s biggest economy and the ultimate outcome for the other economy of the world can well be analyzed with www.
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