The movement of the exchange rate of the Yen to trade late this year (31/12)managed to strengthen against the dollar after earlier trading depressed continued pressure 3 days successive advance. The positive sentiment raised this rate due tocrude oil price returns that make the market secure its assets into safehaven.
When crude oil go down, caused by the fundamentals global supply glut is getting worse after EIA dataannounces the supply of crude oil the United States surged higher in the week endingDecember 25. Last week the crude oil supply rose to 2.63 million barrels the previous week while terkontraksi at minus 5.8 million barrels.
The movement of the us dollar index trades observed this evening will be rectified bythe weekly unemployment claims data sentiment which is expected to show theaddition of data, although trading this morning the dollar still looks strong.
Throughout the year 2015, the movement of the yen against the dollar is still veryweak in a bearish trend continued since the end of last year. Since the global financial crisis of 2008 yen as safe haven assets managed to continue to strengthen until the end of 2011.
The movement of the exchange rate of yen in the Asian session (02:15:35 GMT) strengthened against the u.s. dollar, USDJPY opened weak at 120.51 in early trade (00.00 GMT), the exchange rate of the yen rises 4 pips or 0.01% and the value of the pair is rolling on 120.47.
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