I think that usd/jpy asset will go down.
The greenback was trading with modest losses against the Japanese yen
in the afternoon, snapping its impressive two-day leap worth almost 500
As a result, the USD/JPY hit a three-week high at ¥104.98 on Tuesday, fueled by hopes of further fiscal and monetary stimulus by the Japanese government after Prime Minister Shinzo Abe confirmed his position in the election over the weekend.
"Prime Minister Shinzo Abe's party's comprehensive win in the upper
house elections over the weekend have markets salivating, as talk of a
massive stimulus dominates the news wires," senior economist Tom Kenny
of ANZ said in a note.
On Wednesday, the pair gave up 0.58% to ¥104.06, while the US dollar index lost 0.37% to 96.16 points during US market hours.
statement of the year :