The Yen on a steep upward climb
November 12, 2009, 1217 GMT The JPY is edging higher in today’s trade against all major traded currencies and it may just be on the way to test the 14-year high as the global economy is looking like it will bottom out the second time this year after a brief rally. It could be an [...]
Equities Decline and Central Bank Stimulus Withdrawal Push JPY Higher:
Thursday, October 29, 2009, 05:45 GMT JPY is gaining an upside momentum as the equities are declining after a six month Bull Run following the news that the central bank has started to withdraw the stimulus. The weakening of demand in the AUD after the less than anticipated CPI of Australia has boosted the demand [...]
Yen Heads North on Speculation of Slower Global Recovery
Wednesday, October 28, 2009, 10:49 GMT JPY is headed north after news suggested that the demand for high yielding assets will reduce as the global economic recovery will take more time than anticipated. Coupled with the consensus that the rally of global stocks and commodities, which started 6 months back, will not sustain for too [...]
Global Economy picks up, JPY heads downhill
Friday, 23rd October, 2009, 07:58 GMT The head of Societe Generale’s head of forex, Yuji Saito commented on growing evidence that global economies appear to be recovering. The demand for high-yield assets sprung back on an advance in stocks in Europe, triggered by positive earnings. The JPY is set for a weekly decline against 13 [...]
Euro, GBP, JPY, USD – Currency Major Update
Currency Major Update 13th October 2009, 0910 GMT Euro The Euro continued its bull run against all major currencies following strong corporate earnings and some improvement in employment figures. It is still in uptrend and may peak higher in the future as European Central banks shift massive reserves into the Euro. Retail sales are improving [...]
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