Category Archives: News
Yen Firms on Policy Uncertainty
The Japanese Yen firmed against its major rivals, with the rise attributed to investor uncertainty as to how the Japanese government will move forward with what had been clearly viewed as an aggressively loose monetary policy now that there are signs o… Continue reading
Euro Loses Steam on Draghi Comments
The Euro continues to edge lower against the U.S. Dollar following comments made yesterday by Mario Draghi, the head of the European Central Bank, who noted that the Euro’s recent rise was a risk to the Euro area’s economic outlook as well as to inflation. Continue reading
Yen Resumes Fall on G20 Silence
The Japanese Yen weakened broadly during Monday’s trading session in Asia after the expected chastisement by the G20 members of the Japanese government’s outright manipulation of the currency failed to materialize. Continue reading
G20 Comments Lift Yen
The Japanese Yen gained versus both the U.S. Dollar and the Euro during the Asian session earlier as investors await some clarification from conflicting commentary out of the G20 meeting which is being held in Moscow. Continue reading
Expectations High for More BOJ Easing
The Japanese Yen edged lower against its two main rivals, the U.S. Dollar and the common currency Euro, as market players await a policy decision from the Bank of Japan which is due in a short while. Continue reading
G7 Momentary Bump in Yen Trend
The Japanese Yen firmed during the Asian session earlier following a sharp rise inspired by investors who cut their bearish holdings after one G7 official expressed the members’ concerns about the Yen’s recent movements. Continue reading
Currency Manipulation Supported by US
The Japanese Yen held close to its recently struck low versus the greenback during the Asian session earlier following comments made by an official of the U.S. Treasury Department in support of the Japanese government’s efforts to end its prolonged period of economic stagnation. Continue reading
Euro, Yen Feeling Political Pressure
During the Asian trading session, the common currency Euro had slipped to a 2-week trough against its main rival the U.S. Dollar, and continues to edge off the 15-month peak struck on February 1st as markets take time to digest the ramifications of last week’s political dissension in Spain and Italy and comments made by the ECB chief, Mario Draghi. Continue reading
Euro Dips on ECB’s Concerns
One day after the European Central Bank expressed its concerns with the recent rise of the Euro, the common currency held steady close to a 2-week trough against its main rival, the U.S. Dollar. Continue reading
Central Banks’ Policy Decisions Loom
The Euro slipped against both the greenback and the Japanese Yen during Asian trading hours as investors take a wait and see approach ahead of the European Central Bank’s policy meeting decision which will be announced later today. Continue reading
