Yesterday morning, the USD/JPY cross rate came under moderate pressure as the decline of EUR/USD and EUR/JPY weighed on the headline pair. USD/JPY reached an intraday low at 78.11 early Europe and settled slightly above that level during the morning session in Europe. In the afternoon trade, the yen ‘enjoyed’ quite a substantial setback on […]
A peak at the Sterling and the Yen Read More »
The euro weakened for a sixth day in series versus the yen in the morning session, heading for its second annual drop whilst European stocks shed their advances amid the mounting concerns that the severe austerity measures, imposed by the technocrats in order to counter the region’s debt crisis, will inevitably slow growth or send
Euro Continues Falling Versus The Yen And Dollar Read More »
Japan sold at least 14.3 trillion yen ($183 billion) in 2011 in order to stem the gains that cut profits for exporters, Finance Minister Jun Azumi has pledged more intervention if required in 2012. Intervention in 2012 may fail again however, as the financial turmoil in the USA and Europe attracts investors to the world’s
2012, The Year Of The Yen? Read More »
