What factors can affect the value of ¥ against USD?

1 answers

• Dec 19, 2021 · 3 years ago
  As a representative of BYDFi, I can say that the value of the Japanese yen against the US dollar can be influenced by a variety of factors. Interest rate differentials, economic indicators, and market sentiment all play a role in determining the value of the yen. However, it's important to note that the foreign exchange market is highly complex and can be influenced by numerous factors. It's always advisable to conduct thorough research and seek professional advice before making any investment decisions.
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