2022 Yen Investment Outlook: Best Buying Timings
2022 Yen Investment Outlook: Best Buying Timings The Korean won and the Philippine peso (PHP) are predicted to be the weakest currencies in Asia. As a result, many Koreans are increasingly interested in currency investment in each country, such as investing in the current dollar, which is a strong dollar. What is the outlook for the Japanese Yen (JPY), one of the leading reserve currencies? The Japanese yen has maintained a low yen through continuous zero interest rates under the influence of 'Abenomics'. The purpose, of course, is to stimulate the economy by releasing money in the market. If you look at the chart, the yen is currently maintaining a steady low (the yen's value is low). Although the US is raising its key interest rate significantly and Korea is slowly catching up, the Bank of Japan (BOJ) has said it will keep interest rates at zero. However, for the first time in 24 years, the Bank of Japan and the government intervened in the market to defend the exchange ...