The Japanese yen started this Tuesday’s session down versus most of the 16 main traded currencies as concerns regarding the country’s deflation are fueling speculations that interest rates will be maintained at a record low for a longer period.
While multiple wealthy nations around the world are already lifting stimulus created during the worst moments of the global slump to revive their economies, the Japan is still facing deflation concerns, that, for the moment, are making the Asian country unable to suspend these measures and raise interest rates, forcing the yen down versus a number of important currencies in the beginning of this Tuesday’s session.
AUD/JPY traded at 80.08 from an intraday rate of 79.90.
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