Tuesday, October 5, the Forex market has been very hectic. Several large-scale actions regulators have increased volatility. First, the rating agency, Moody "s rating has put Ireland in the fall, announcing that the current rating Aa2 is likely to be downgraded by one notch. The decision will be made in the next three months. Last rating was lowered in July. It happened against the background Bank of Ireland forecast changes in GDP growth in 2010. from 0,8% to 0,2%, in 2011. from 2,8% to 2,4%.
However, as noted by the analysts, the debt market in Europe for this event have not noticed, profitability continues to fall. Yield of 10-year-old Irish bonds stands at 6.28%, Portugal - 6,08%. Euro also continued its steady growth, and on Wednesday at 09:00 Moscow time the European single currency is estimated at U.S. $ 1.384
Second news - Bank of Japan lowered the rate at a meeting with 0,1% to the range of 0,0% -0,1%, the lowest level since 2006. (Before this time the rate for many years was just at 0%). In addition, the Bank of Japan will create a special fund of 60 billion dollars to buy government bonds and other debt instruments on the balance of the central bank. Bank of Japan's actions to mitigate the monetary policy aimed not only at preventing the growth of the yen, but also to support the economy. According to figures published on 30 September, industrial production in Japan has been declining for three months.
However, all these little influence on the news a couple of the yen / dollar did not have, and by that time the pair is trading at around 83.16 yen / dollar. At the same time against the euro, the yen has weakened considerably, but it happened within the established trend - 115.1 yen / euro.
Thus established in the Forex market trends continue to operate - the euro is growing uncontrollably with respect to all other currencies are formed in the debt market, the European Union. Apparently, when they will rake and begin correction of the euro.
