Tag Archives: jpy records ruther advances
Yen Advances vs. Majors
Posted on09. Dec, 2009 by admin.
The Japanese yen may extend its advance versus all of its major counterparts after a reduction in Greece’s debt rating by Fitch Ratings and a Dubai developer’s $3.65 billion loss discouraged demand for riskier assets. Japan’s government announced today a 7.2 trillion yen economic spending package that includes 3.5 trillion yen to help regions, 600 [...]
Continue Reading
Yen Bullishness Set to Continue as Economic Crisis Worsens
Posted on06. Mar, 2009 by admin.
The Japanese currency experienced a bullish trading session yesterday, as it appreciated against most of its major currency pairs. The JPY gained about 40 pips versus the USD during yesterday’s trading session, and closed at 98.23. Its gains against the EUR were more dramatic, as it gained over 150 pips to close at 123.57. This [...]
Continue Reading
The JPY Posts New Record Highs against Major Currencies
Posted on22. Jan, 2009 by admin.
The Japanese currency rallied broadly on Thursday toward a 13-year peak against the Dollar and a near 7-year high versus the EUR amid growing investor anxiety about global banking woes. The JPY rose to 88.80 against the USD after rebounding from Wednesday’s low of 87.09. Against the EUR, the Yen climbed 1% to 115.27. Traders [...]
Continue Reading
JPY is Boosted by British Banking Woes
Posted on20. Jan, 2009 by admin.
The Yen rose against the EUR and GBP as the Euro-Zone economy weakens, and the British banking crisis deepens. Britain’s second largest bank, the Royal Bank of Scotland’s posted a 28 billion Pounds loss, the biggest ever of any British company. This in turn sparked fears that the British government will have to take over [...]
Continue Reading
Japanese Yen Finds Support from Weakening Euro
Posted on12. Jan, 2009 by admin.
The Yen once again finds itself strengthening from a loss of confidence in other global currencies. With the lowest Interest Rate yield in the global market, the JPY is often used to fund the purchase of other, higher yielding currencies. However, with last week’s poor economic news from Europe and the United States, these positions [...]
Continue Reading
JPY Records Further Advances against the Major Currencies
Posted on21. Nov, 2008 by admin.
Recently, the JPY rallied against the USD and the EUR on speculation that slides in global stocks will prompt investors to sell higher-yielding assets and pay back loans in Japan. The Yen also advanced versus the New Zealand dollar and against the British pound, as U.S. lawmakers held off taking action on a bailout requested [...]
