Daily Forex News and ViewsSeptember 10th 2010 The yen was seen on a floating note against the dollar yesterday as conflicting messages from Policymakers led investors to bet Japanese authorities were not ready to intervene to weaken their currency. On the other hand, the Euro was down against the dollar and also against the yen as concerns about health of the European banking sector and sovereign debt issues persisted. Matthew Strauss, senior currency strategist at RBC Capital Markets in Toronto said: "We saw the continued differences in opinion between the Ministry of Finance and the Bank of Japan. The momentum is still favoring a stronger yen. But the concern about the possibility of intervention is keeping the yen from rallying much further." (source: reuters.com). The dollar was down 0.1 percent at 83.82 yen. The euro was down 0.2 percent at $1.2701. Against the yen, the euro fell 0.1 percent to 106.54 yen. |
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