Author Archives: info@dailyforex.com

Surprising market players, the new governor of the Bank of Japan did not move to hold an emergency meeting of the policy setting committee as had been widely expected, which resulted in the steadying of the Japanese currency during the Asian trading se… Continue reading →

The Japanese Yen edged higher against its rivals during the Asian trading session but analysts say that gains are sure to be limited until there are clear signs from the new Bank of Japan governor as to how aggressive and loose their monetary policy is… Continue reading →

The Euro held close to a 4-month low versus the greenback as investors assess the likelihood that Cyprus may be compelled to leave the Eurozone now that its parliament rejected recently proposed terms of a new bailout package. Continue reading →

The Euro continues to hold close to a 3-month low against its main rival, the U.S. Dollar, as investors fail to derive any comfort from further details of the Cyprus bailout plan. Continue reading →

The Euro took a nosedive during Monday’s Asian trading session on the news that the bailout plan for Cyprus is to include a tax on bank deposits which was seen by investors as a high-risk precedent which might eventually trigger a run on other Eurozone area banks. Continue reading →