FOREXYARD: Forex News Blog | |
| Yen Makes Gains Versus U.S Dollar Posted: 10 Apr 2012 03:10 AM PDT
The Japanese Yen made gains over the greenback early Tuesday as the Bank of Japan decided to keep its rate on hold between zero to 0.1% and withstood to mention anything regarding further policy easing. The dollar bought 81.28 Yen this morning whilst Monday’s trading saw the greenback buy at 81.65, clear indication of the Yen’s upward move. Japanese Prime Minister Yoshihiko Noda stated yesterday that the government will hold specific meetings to come up with plans to overcome deflation as policy makers discuss ways to put an abrupt end to price declines.There is a possibility that the meetings could start this month. |
| Posted: 09 Apr 2012 12:51 PM PDT
During Monday’s trading, the U.S dollar dropped points against the Euro as a result of a poor labor report from the U.S regarding employment in the nation. The highly anticipated Non-Farm Payroll report which is released on the first Friday of ever month reported surprisingly low figures on Friday last week. The NFP report released figures of 120,000 which came as a surprise due to the fact that that 210,000 was the expected figure. The report put some downward pressure on the greenback as the figures show fewer jobs were created, leading to concerns over the health of the economy’s recovery. This week will see a number of economic events that could possibly affect the movements of the currency and commodity markets as we look ahead to data such as the American Trade Balance, U.S Initial Jobless Claims and the Bank of Japans Press Conference to name a few. |
| You are subscribed to email updates from Forex Trading Education : Forex Trading Blog by FOREXYARD To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google Inc., 20 West Kinzie, Chicago IL USA 60610 | |
No comments:
Post a Comment