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The foreign exchange market update: the yen's risk aversion and open more than a holiday in Japan
Author: admin   Add date: 05/01/2009   Publishing date: 05/01/2009   Hits: 4
The yen and the dollar rise again to dominate the Asian trading day. Initially, the swine flu concerns contribute to the promotion of cross-selling the yen, particularly Japanese companies, speculators and investors to unwind a holiday on Wednesday, ahead of Showa and focus on the upcoming Golden Week holiday. However, to speed up cross-selling Japanese Yen Wall Street Journal report said that the U.S. regulatory agencies are promoting the Citigroup and Bank of America to raise funds. U.S. dollars, Japanese yen, at 96.61 this morning session, fell to a low of 95.98. Euro, Japanese yen, which is above 127.00 in New York trading, can not exceed 126.00 in early Tokyo, due to cross-sell and down the afternoon of the 124.65 low. Euro U.S. dollars, which fell sharply from 1.3125 to 1.3000 in New York on the views of the ECB Nowotny, most comprehensive meeting around 1.3000-1.3031, buying the support of Asia, fell to a low of 1.2984 in the euro to speed up cross-yen sales. Asian markets were mixed, but the loss of down or expand the story of The Wall Street Journal. Bond yields fell by the news and a wide range of commodity risk aversion oil pressure and 50 U.S. dollars the New York Mercantile Exchange.
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