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JPY Daily News
Yen Gains on Poor Data from Asia
Thursday, 4 Feb 2010
The Japanese Yen gained versus 13 of its 16 major counterparts as reports in today's early trading showed Australian retail sales unexpectedly shrank and New Zealand's jobless rate rose. The Yen rose to 126.21 per EUR from 126.42 yesterday in New York yesterday. It gained 0.6% to 63.53 against New Zealand Dollar, and climbed 0.2 % to 80.16 versus the AUD.
The New Zealand Dollar tumbled against major counterparts following the release of the 4th quarter unemployment rate which showed unemployment in New Zealand increased sharply in the final quarter of 2009, reaching its highest level in more than a decade.
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