Category Archives: News

Yen Surges Broadly, Intervention Possible

The Japanese Yen surged to a new record high versus the U.S. Dollar in Asian trading today, leaving investors to speculate about possible intervention by the Japanese central bank. Continue reading

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Portuguese Debt Downgrade Gives Euro Momentary Pause

The common currency Euro weakened slightly against the U.S. Dollar in Asian trading following the downgrade of Portuguese sovereign debt. Continue reading

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Japanese Yen Continues to Approach Record High

The Japanese Yen is surging as investors off-load high risk currencies in the face of yet another crisis in Japan.  Continue reading

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USD Rallies against JPY Following Bank of Japan Intervention

The U.S. Dollar rallied against the Japanese Yen, rebounding off earlier lows in Tokyo trading, following Bank of Japan intervention. Continue reading

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Japanese Yen Lower Against Majors as Earthquake Aftershocks Strike Japan

Following the 8.9 magnitude earthquake and resultant tsunami which hit the northern coast of Japan a short while ago, the Japanese Yen broadly fell against the majors.  Continue reading

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Euro under Heavy Sell Pressure as a Result of Dismal Asian Data

Unexpectedly dismal trade data from China has sent the Euro lower against the U.S. Dollar, and market players expect that the common currency will continue to sink throughout the day.  Continue reading

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US Dollar Higher Against Japanese Yen, Treasury Auction in Focus

The U.S. Dollar was higher versus the Japanese Yen in Tokyo trading today following yesterday’s small rise in 3-year Treasury yields. Continue reading

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Euro Moves Higher Against the Greenback as EU Summit Eyed

In early Asian trading, the Euro edged up against the U.S. Dollar, but investors, who have increased their long-term holdings in the common currency, appear to believe that a decline in the short-term will prevent it from breaching the November peak. Continue reading

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Euro Continues to Rally – For Now

The Euro’s rally against the US dollar is being questioned as EU leaders continue to battle the region’s sovereign debt crisis and optimism about the U.S. economy increases. Continue reading

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Euro Still Benefitting from Trichet Comments

In Asian trading today, the common currency Euro remained steady, holding onto yesterday’s gains following the hawkish comments issued by European Central Bank president, Jean-Claude Trichet. Continue reading

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