U.S. dollar falls to a 15-year low against the Yen to Trade at 84 to the Yen

With reports that the UK could go back to recession and the US is becoming weaker as a super power, the dollar could be headed for the rocks in the Asian markets, which have grown in strength over the past five years. China was declared the second largest economy edging the Japanese. Various factors could be forcing the dollar to weaken in value against major world currencies.

People in the market will be watching to see what the bank of Japan will do to contain the slump. The dollar slump to a new low is surprising and industry analysts see it as surprise. This is a fresh low against the Yen. While to exporters in the Asian markets it was a great benefit, it is a major blow to the Japanese share prices and index. This slump is obviously to fuel great speculation. Investors hoping to cash in such a situation will speculate that the government will pressure the Bank of Japan to put stringent measures to control the situation given the fact that further fall could be experienced and the need to take charge is dire.

The current market weather and this sudden decline has seen investors to sell off their dollars due to the treasury bond fall.  This is attributed to overnight talks about a weak economic data in the US.