RBS recommends selling the currency risk and buy yen

Recovering stock markets that has occurred against the backdrop of favorable data on incomes of American companies is the main driver for the currency market. And, as noted by analysts RBS, the best results demonstrate the high yield currencies. Nevertheless, Japanese Yen, which is usually the weakest currency in such circumstances, is still at the top of the range after the break of 94.00 earlier in the week. The bank expected to continue trading in a range of appropriate and preferred to build his trading strategy, hence the sale of risky currencies and buying the yen at current levels, according to them, looks attractive.