Yen – is it SELL, or is it BUY?

There is a wide-spread myth among FX investors that JPY rises every March thanks too national companies’ interest. The main argument in favor of such theory is fiscal year end in Japan on March, 31st. Thus, the large amounts of money denominated in currencies of those countries where the factories of the Japanese corporations are located, are flowing back to native country in accounting purposes during this period. Nevertheless, the statistics says the opposite.

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