The Japanese currency fell today versus the 6 main traded currencies in foreign-exchange markets after the nation’s financial authority followed the global trend among wealthy nations and ruled out rate hikes for the short-term future, declining attractiveness for the Asian currency.(…)Read the rest of Yen Falls on BOJ Low Rates Policy (141 words)
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The Japanese Yen weakened against the greenback for the third day, with the exchange rate pushing to a high of 90.26, while the Australian dollar remains the worst performing currency against the greenback as the exchange rate slipped below the 100-Day SMA (0.8848) to a fresh monthly low of 0.8847.
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The Japanese yen continued to grow against the other major currencies for a third day today even after the worse than expected GDP data was released in Japan, as the risk-aversion still remains popular in the markets.(…)Read the rest of Yen Advances Despite GDP Growth Slowdown (136 words)
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Risk aversion rose today favoring the Japanese currency after a U.S. gross domestic product report indicated a slow down in the quarterly growth, creating speculations that the nation’s recovery will take longer than expected, attracting investors to safer bets.(…)Read the rest of Yen Gains on U.S. Mediocre GDP Number (69 words)
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Forex: Yen consolidates gains across the boardFITITOL–>FXstreet.com (C?rdoba) ? The Yen is posting important gains across the board on Friday. The Japanese currency started to rally after the Non-farm payrolls data. USD/JPY is steady and trades around 89.82/85, 0.95% below today?s opening price. The pair tumbled almost a hundred pips since the announcement of the [...]
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Read More US Dollar, Japanese Yen Mixed as Surge in Unemployment Rate to 26Year High Sparks [...]
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