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JPY Daily News
Yen Rises Broadly vs. Counterparts
Wednesday, 11 Aug 2010
The Japanese yen strengthened versus all 16 major counterparts after the Federal Reserve said the U.S. recovery will be slower than expected and reports today showed U.K. consumer confidence dropped and Japan's machine orders rose less than analysts forecast.
The yen climbed to 112.14 per euro from 112.58 yesterday, after rising to 111.70, the highest since July 23. The yen traded at 85.45 per dollar from 85.44.
A dollar drop below 84.82 yen could trigger more market speculation about the possibility of Japanese intervention. Traders think the yen will eventually test those levels as Japan is unlikely to intervene to curb the yen unless the dollar/yen falls closer to 80 yen, or its moves become more volatile.
Current Time: 05/27 05:06 GMT
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Print| # | Time | $€£¥ | Event | Per. | Prev. | Fore. | Act. | Imp. |
|---|---|---|---|---|---|---|---|---|
| 08/11 | ||||||||
| 06:00 | JPY |  BoJ Monthly Report | * | * | * |  | ||
