Thursday, April 16, 2009

FOREX-Yen, U.S. dollars, as growing uncertainty regarding the recovery

London, 16 April (Reuters) - Japanese Yen against the U.S. dollar and other major currencies on Thursday as a rapidly receded, I hope the economic recovery allegedly pushed in front of the investors for safe assets increased.
After data showed that China's economic development, market players were disappointed with their poor record of economic development. He had, after weak U.S. retail sales fall in inflation and the last day.
European share prices, while U.S. stock futures Gatavas earlier profit increased economic concerns, were small.
"Investors have again to determine whether the recent rally in risky assets, as well as sustainable economic growth happen," said Lee Hardman, currency economist at Bank of Tokyo-Mitsubishi UFJ.
"If these comments deteriorate Downs is located yen go higher," he added.

Starting at 07h47 GMT, the yen to 0.7 percent against the dollar at 98.64 yen , down from 1.1 percent against the euro to 129.79 yen < eurjpy ="">.

Australian dollar fell to 71.28 yen 1:32 per cent, while the New Zealand dollar fell 2.1 percent to 56.37 yen .

The dollar rose 0.2 percent against a basket of currencies. Dxy.
At the same time, the euro has continued on the back foot, and the prospects for easing of monetary policy remains a risk after the European Central Bank board member Axel Weber said Wednesday that the central bank in non-standard "measures, which extend for next year.

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