The yen strengthened

Japan’s currency exchange rates or the yen against the U.S. dollar (U.S.), more muscular.Trade until 10:04 o’clock am, the yen gained 0.02% to a level of 93.47 yen per U.S. dollar.
Recovery of economic growth in Asia and the strengthening of the U.S. economy managed to maintain Japan’s exports continued to rise. Last March, Japan’s exports soared 43.5% compared to exports in March 2009.

Reinforcement was driven by increased exports of products such as automobiles, semiconductors and automotive parts. However, Japanese analysts assess, improve the export figures are not necessarily absorbed by the Japanese domestic economy, especially with the condition of many corporations that currently battling amid deflation.
Governor of the Bank of Japan (BoJ) Shirakawa stressed that if Japan is too focused on price stability, monetary policy holders will not pay attention to other indicators of monetary stability.Arif Himawan, Valbury Asia Futures analyst, estimates that the yen is still in the trend level of support bullishdengan 92 yen to 91.60 yen per U.S. dollar. ”There are opportunities to buy on dips at the level of 93.25 yen – 93.35 yen,” he said.

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