Yen Declines as Risk Appetite Returns
Posted on 11. Dec, 2009 by admin in JPY Economic News, Japanese Yen, Japanese Yen Currency
As the stream of positive economic data from the U.S continues, the Yen continues to decline against the Dollar as well as riskier currencies as demand for higher-yielding assets returns. The Yen traded at 129.97 per EUR in today’s early trading, after weakening 0.4% yesterday and was at 88.43 against the Dollar. With a return to risk appetite, the JPY returns to be the primary funding currency.
