Japanese yen is heading higher today as concerns about Greece once again take center stage. While Greek Prime Minister Lucas Papademos insisted that some progress was made over the weekend, he also pointed out that there are still some conditions left. The unresolved situation is adding to the uncertainty that is prompting risk aversion today. (…)Read the rest of Japanese [...]
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Read More Japanese Yen Outlook in Disarray as Greek Fiasco Beckons Intervention
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The yen crept back near record highs against the dollar after the Federal Reserve said last week it was likely to keep interest rates near zero at least until late 2014, pressuring the US currency. The dollar traded around 76.18 yen on Friday, … 26 Vote(s) Read More Japan econ min want BOJ steps to [...]
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The greenback pared the sharp decline from earlier this month, with the Dow Jones-FXCM U.S. Dollar Index advancing to a high of 9,816, and the reserve currency may appreciate further in the coming days should the flight to safety gather pace. Read More USD Stuck In Tight Range, Yen Eyes 7600 Amid Intervention Threats
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The Yen is poised to extend overnight gains as markets look past the limited implications of the US GDP report to focus on the upcoming EU leaders’ summit. Read More FOREX Yen Outperforms as Traders Look Past US GDP to EU Summit
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Japanese yen is mixed today, heading higher against the euro, but lower against the US dollar and the UK pound. Uncertainty about Greece is creeping into the picture, weighing on the euro, but there is enough good news — so far — that other high beta currencies are maintaining their gains. (…)Read the rest of Japanese Yen Mixed as Uncertainty Creeps In [...]
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AUD: The Australian dollar long positions advanced higher for a third consecutive week as of January 10th. Australian dollar positions increased to a total net amount of 53526 long contracts on January 10th after totaling 46537 net long contracts … 34 Vote(s) Read More Currencies Forex Futures Speculators raise Dollar, Yen, Aussie bets as Euro
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Read More Japanese Yen Outlook Mixed as Prices Face Conflicting Forces
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Japanese yen is gaining against the euro and the pound today, thanks to renewed fears about what’s next for Europe. Yen is lower against the US dollar, though, thanks in part to the re-emergence of the trade deficit in Japan. As long as concerns about Europe, and the banking industry, remain, yen is likely to find some strength against European currencies. (…)Read the rest of Japanese Yen Gains Against Euro, Pound (155 [...]
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Falling to the lowest level in almost 11 years, the European euro traded slightly higher at 99.75 against the Japanese yen after falling as low as 99.25 – a level not seen since 2000. 38 Vote(s) Read More Euro Bounces From 11Year Low Against Japanese Yen
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