Yen on Rise: Investors Weigh Buying into Stronger Currency

The value of the Japanese yen has been on the rise in recent times. Analysts are now pondering whether it's a good time to buy into this currency, given its increasing attractiveness.

Peter Schott, head of trading at CMC Markets Singapore, advises investors that the yen is looking stronger due to a combination of factors including low interest rates and a robust economy. He notes that 'Japan's economy is doing very well... their inflation rate is under control.'

Schott warns however that there are risks involved with buying the yen, citing the potential for increased volatility if the US dollar were to strengthen again.