Guillermo
User
Platinum Boarder
| Posts: 321 |   |
|
Yen Falls, US Bank Earnings to Spur HY Demand - 2009/04/13 20:27
Good Day, traders, I hope you had a nice weekend with your family and friends 
The yen fell against all of the other major currencies on speculation U.S. bank earnings will spur Japanese investors to buy higher-yielding assets overseas.
Japan’s currency also dropped to a six-month low against Australia’s dollar as Bank of Japan Deputy Governor Hirohide Yamaguchi said today monetary policy alone isn’t enough to end the economic slump. Thailand’s baht fell to its weakest level this month after anti-government protesters fought police and Prime Minister Abhisit Vejjajiva declared a state of emergency.
The yen dropped 0.6 percent to 132.91 per euro at 7:40 a.m. in New York, from 132.18 on April 10. Japan’s currency declined 0.3 percent to 100.55 versus the greenback from 100.24. The euro was at $1.3219, compared with $1.3189 on April 10, when it reached $1.3090, the lowest since March 18. The yen may depreciate to 101 per dollar today, Saito said.
|
Trading Resources 
Read today's financial market news and views. Get news on forex, stock indices, bonds and commodites trading. Trading News >>
Try our fantastic new Bull-Bear Market Race. It's a fun and simple way to express your market views. Bull-Bear Market Race >> 
Use the gnuTrade platform to place per point trades as well as Basic and Back a Player Bets. 
