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Japanese yen declines against majors at the end of the week
The Japanese yen fell against the dollar and major currencies today at the end of the week’s session after the CPI missed expectations and remained below the BOJ’s inflation target which raised worries especially from deflation bubble.
USD/JPY pair inclined to record a high of 79.82 after a low of 79.52, where the pair is currently trading at 79.70 after opening at 79.58.
The Euro is hovering around its lowest this week which amid continued concerns about sovereign debt crisis in Europe, especially after the failure of European leaders in talks to set out the decision.
EUR/USD pair recorded low of 1.2515 after reaching a high of 1.2552 after opening at 1.2532.
AUD/USD pair fell today to record a low of 0.9724 after a high of 0.7983 and started the session at 0.9761. The NZD/USD pair ...
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Noticeable rise for Yen after BOJ’s rate decision
Japanese yen inclined against major currencies after the BOJ’s rate decision, where the Bank of Japan did not offer new incentive policies, as the benchmark interest rate left unchanged between zero levels as well as assets purchase programs and credit load program.
Yen gained some power against dollar after BOJ’s meeting, where the USD/JPY pair declined to low of 79.48 from 79.95 recoding high at 80.07.
Japanese yen also inclined against euro recording the highest in three sessions, where EUR/JPY pair declined to low of 100.71 and high at 101.46 after opening at 101.39.
Australian dollar fell against American dollar to the lowest in almost five months, AUD/USD pair recorded lowest at 0.9739 after 0.9807 with high at 0.9809.
NZD/USD pair fell also to the lowest in almost five months to ...
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Japanese yen fell versus major currencies before BOJ’s meeting
Japan’s yen fell against major currencies with the beginning of the day, where investors are waiting this week’s BOJ’s meeting minutes which expected to contain another stimulus plans, which negatively on yen’s demand to feel against most of currencies.
From another side, the significant incline of Japanese yen against American dollar during the past three weeks increased pressure on BOJ to raise its financial programs that aims to support companies and compensate the recent massive incline.
USD/JPY pair inclined to record high of 79.24 during today’s Asian session, after recording low of 79.11 to be now at 79.04. Euro/JPY pair inclined also to the highest in two session recording high of 101.40 and low of 100.97.
AUD/USD pair slightly inclined in a correction trend after the massive ...
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Gold erases early gains as euro weakens
Gold reversed course and edged down on Friday after posting its biggest daily rise in more than three months the previous session, as the euro weakened on mounting worries over the euro zone debt crisis.
The single currency dropped to a four-month low against the dollar as investors fretted about the possibility of Greece's exit from the euro zone and about Spain's banking sector after Moody's downgraded 16 Spanish banks.
Gold eased $1.45 to $1,571.80 an ounce by 0653 GMT, on course for a weekly fall of 0.6 percent - its third losing week in a row.
Gold rallied more than 2 percent on Thursday, its biggest one-day rise since January, supported by a decline in regional U.S. factory activity that fueled hope for more monetary stimulus.
U.S. gold for June delivery edged down 0.2 percent to ...
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Asian stocks returned to losses on collective downgrades including Spanish banks, Greece and China
As Europe’s debt crisis is threatening the global recovery, market participants limited their risk exposure while some inventors locked on to their profits ahead of the weekend, driving the Asian stocks lower where the MSCI Asia Pacific Index dropped 2.2% at 11.28 in Tokyo, and is down 0.8% this year.
Global equity markets lost almost $4 trillion dollars this month as Europe’s debt crisis is worsening threatening the global economic stability. Moody’s downgraded 16 Spanish banks on Thursday after the nation fell into recession during the first quarter while loan losses are mounting.
Meanwhile Fitch Ratings downgraded Greece by one notch to CCC from B- since its political deadlock is pushing the country out of the euro zone, as attempts to form a new government failed, leading to new ...
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Major currencies record lowest in months against dollar
Major currencies witness a collapse in its levels against dollar with the end of the week after the announcement of Fitch Ratings that Greece went to CCC from B-, which increase worries over Greece’s failure in keeping its membership in Euro zone.
Euro declined to the lowest in four months against dollar and for the third consecutive week, where the EUR/USD pair recorded low at 1.2658 after opening at 1.2697 and high of 1.2707.
GBP/USD pair recorded the lowest in two months to decline for the fourth consecutive day reaching low of 1.5749 from 1.5782 recording high at 1.5792.
Japanese yen keep inclines against dollar amid the declining of Asian stocks that record loss, which boosted the demand on Japanese yen against major currencies to increase yen’s momentum. USD/JPY pair reached the ...
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Dollar fell against majors after FOMC meeting minutes
Dollar and Yen both declined against major currencies today in a correction movement for safe currencies after a series of gains for more than two weeks, where the FOMC meeting minutes showed that U.S. need more support during the upcoming period which negatively affected on dollar’s demand.
From another side Europe’s sovereign debt crisis still has a negative impact on major currencies performance as well as euro, where all eyes are waiting for the second round of presidential elections in order to determine the nation’s outlook.
AUD/USD pair inclined to high of 0.9955 from 0.9930, hitting low of 0.9926, where the dollar index that measures dollar’s performance against currencies showed the longest series of falling.
NZD/USD pair inclined recording high of 0.7676 after recording low of ...
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Majors keeps declining on Confidence absence
High risk and instability in financial markets negatively affected on major currencies and led them to fell to leave the chance for American dollar to gain profits against other currencies, where the Greek worries keep worsen which increase expectations about Greek that will exit euro zone, which made the Euro traded near the lowest in four months.
EUR/USD pair slumped with the beginning of today’s Asian session to record low of 1.2697 after opening at 1.2734 and high of 1.2734.Euro recorded the lowest in almost three months against yen at 102.08.
USD/JPY pair inclined today after releasing Japan’s machinery orders that fell in March, which negatively on Japanese yen against dollar, while yen did not affected against other high revenues currencies according to the weak demand on them.
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The havens dominate trading in the Asian session
Euro reached today its lowest in four months against the dollar amid the absence of confidence in financial markets during the political instability in Greece, which is adding to speculation for the first euro exit and the consequences on the market and the 17-nation economy.
The EUR/USD pair fell to record a low of 1.2813 near the lowest in four months, where the pair started the Asian session at 1.2829 after it recorded a high of 1.2837, and currently at 1.2826.
The Australian dollar declined against the U.S. dollar to reach the lowest in four and half months at 0.9944 to trade under parity levels at 1.0000, after recording the high of 0.9984.
Meanwhile, the USD/JPY pair traded within a tight range today during Asian session to record high of 79.92 and low of 79.80, and currently at ...
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