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JPY Daily News
Yen Advances versus USD
Friday, 26 Mar 2010
The JPY rose against the Dollar on speculation Japanese exporters bought the currency to bring home overseas earnings, taking advantage of the large weekly loss to purchase the currency before the end of the Japanese fiscal year next week. The Yen is currently at 92.48 per USD from 92.73 yesterday, when it fell to 92.96, the lowest level since Jan. 8. With no news from the region today, the Yen's movement will likely be determined by news from Europe and the U.S, particularly any developments regarding the Greece sovereign debt recovery plans.
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