Japan focused on increasing inflation to help buoy the economy

Elsewhere on Friday, we saw the Japanese yen continue with the significant weakness it showed throughout last week. Reaching fresh 2008-lows against sterling and the US dollar, the yen’s further slide on Friday came off the back of announcements from the Japanese central bank that their aggressive monetary stimulus will continue. The outlook appears bleak for the Japanese currency, with a daunting number of factors stacked against it as further yen-weakening policies seem on the cards to support the Japanese economy. The Canadian dollar also dropped back down to 3-year lows, as weaker than forecast inflation figures further reduced the likelihood of an interest rate increase. Looking forward to this week, we have GDP figures out of Canada. Call now to get the latest rates.