FOLLOW MARKETMOVES

USD/JPY update (12th July 2011, 15:00)

The US dollar was trading lower against the Japanese yen this afternoon as market sentiment is dominated by fears that the Greek debt crisis in Europe has spread to larger economies, prompting a move in safe-haven currencies such as the Japanese yen.

Today, currency markets had a muted reaction to the Bank of Japan’s widely expected decision to maintain its policy interest rate range. The central bank was also more upbeat in its overall economic assessment and did say that economic activity was picking up, and that exports and domestic demand were turning around. However, it cut its economic growth GDP estimate for the fiscal year. Later tonight, the FOMC in the US will release minutes from their latest meeting, which will likely lead to some volatility in trading between the pair, as the minutes are expected to show the US economy is faltering.

Tomorrow morning should also see some volatile trading as Japan will release data on industrial production, which is expected to have increased month-on-month in May. In the afternoon, the USD/JPY pair was trading 0.82% lower at 80.3034.

comments powered by Disqus

All Forex News

Trusted Firms

All Reviews
AUD/USD update (23rd April 2014, 14:00) 23 Apr 2014

The Australian dollar has slipped following softer-than-expected inflation figures.

EUR/USD update (23rd April 2014, 13:00) 23 Apr 2014

The EUR/USD is higher after the eurozone manufacturing and services report exceeded estimates.

Market Comment 23rd April 2014 23 Apr 2014

European equities are set to open mixed as traders remain cautious. 

GBP/USD update (22nd April 2014, 19:00) 22 Apr 2014

GBP/USD looks set to continue its move higher, as it consolidates above $1.68.

EUR/USD update (22nd April 2014, 18:00) 22 Apr 2014

The EUR/USD is trading around the $1.38 level as traders return from the Easter holidays

Market Comment 22nd April 2014 22 Apr 2014

European equities are set to grind higher tracking a positive session overnight in the US. 

EUR/USD update (16th April 2014, 14:00) 16 Apr 2014

The euro is higher versus the US dollar, after the level of inflation in the eurozone remained unchanged in March.

GBP/USD update (16th April 2014, 13:00) 16 Apr 2014

UK unemployment has now dipped below 7%, the initial threshold level the Bank of England introduced in August but reneged upon last month, which has s...

Market Comment 16th April 2014 16 Apr 2014

European equities are set to open higher tracking an overnight surge in the US markets. 

EUR/USD update (15th April 2014, 15:00) 15 Apr 2014

Having popped its head above the $1.39 level at the tail end of last week, EUR/USD has found itself pulled back.

Market Comment 15th April 2014 15 Apr 2014

European equities are set to open flat as they’re caught between two competing poles of sentiment. 

AUD/USD update (14th April 2014, 18:00) 14 Apr 2014

The Australian dollar is gaining ground against the US dollar, as traders prepare for the latest minutes release from the Reserve Bank of Australia.

EUR/USD update (14th April 2014, 16:00) 14 Apr 2014

The euro is under pressure against the US dollar as tensions in eastern Ukraine weigh on the currency.

Market Comment 14th April 2014 14 Apr 2014

European equities are set to start on the back foot as last week’s negative sentiment remains firmly intact. 

GBP/USD update (11th April 2014, 16:00) 11 Apr 2014

After touching $1.68 yesterday, sterling has dropped back, hit by weaker UK construction output figures.

EUR/USD update (11th April 2014, 16:00) 11 Apr 2014

If we see the euro close above $1.39 today, then it will be the icing on the cake for the currency, which has enjoyed a remarkable week.



Share this with your friends

To:
From:
Your comments:

USD/JPY update (12th July 2011, 15:00)

The US dollar was trading lower against the Japanese yen this afternoon as market sentiment is dominated by fears that the Greek debt crisis in Europe has spread to larger economies, prompting a move in safe-haven currencies such as the Japanese yen.

Read more »

Connect to successful traders – join Marketmoves.com free now

Log In or Sign up

Facebook User?

You can use your facebook account to sign up with Live streaming sport.

Connect with facebook
Remember me.
Did you forget your password?