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JPY Daily News
The Yen Pares Its Losses Versus the USD
Wednesday, 6 May 2009
Japan's currency rose against the greenback by the most in more than a week after Reuters reported the government review will show Bank of America Corp. needs $34 billion in new capital, citing a person familiar with the results. The Yen rose as much as 0.8% to 98.17 against the Dollar, the most since April 24. The currency also rose 1.2% against the EUR, to 130.09 from 131.73 in New York yesterday.
The Japanese currency gained as the Fed plans to deliver results of stress tests on U.S. banks that may show about 10 companies in need of additional capital. Economists said that the bank stress tests might rattle market confidence and the recent outbreak of optimism might be due for its own stress test.
Current Time: 05/26 23:33 GMT
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Print| # | Time | $€£¥ | Event | Per. | Prev. | Fore. | Act. | Imp. |
|---|---|---|---|---|---|---|---|---|
| 05/06 | ||||||||
| 00:50 | JPY |  Monetary Base | y/y | 6.9% | 6.7% | 8.2% |  | |
