Market News

A decline in regional equity markets coupled with softer than forecast economic data from China raised investor uncertainty over recovering health of the global economies and helped to broadly push up the safe-haven Yen in Asia today.

The common currency Euro held close to a 2-month peak versus the U.S. Dollar as investor risk appetite was whetted following earlier better than expected quarterly earnings results from Intel.

A weakened equity market in Tokyo helped to push the common currency Euro and the U.S. Dollar down versus the safe-haven Japanese Yen.

As a result of the election outcome, the Japanese Yen slipped in Asian trading today, down against both the U.S. Dollar and the common currency Euro.

Japanese importers, awaiting the outcome of the Upper House elections which will be held on Sunday, helped push the Japanese Yen lower against the U.S. Dollar in Asian trading today.

Much stronger than predicted jobs data from Australia helped to push the Aussie and other high-yielders up against the safe-haven greenback and Japanese Yen.

In Asian trading today, the common currency Euro fell from an earlier 7-week peak against the greenback.

High-risk currencies such as the common currency Euro and the Australian Dollar rose against the Japanese Yen and the U.S. Dollar in Asian trading today.

In Asian trading today, Japanese importers helped to push the U.S. Dollar up versus the Japanese Yen.

The USD was on the defensive versus the EUR today, approaching what were 5 week lows, following a big short squeeze in the single currency prior to U.S. jobs data, while the JPY lost ground as the squeeze spilled into the Asian market.

Institutional investors in Japan are selling off their holdings in the U.S. Dollar following the recent release of weak economic data from the United States bring the greenback to a new 2-month low versus the Japanese Yen.

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The U.S. Dollar edged up versus the Japanese Yen as investors attempted to buttress their long term U.S. Dollar holdings with the low priced currency.

Falling prices in Asian equity markets coupled with lower than 3% yields on U.S. Treasury products helped push the U.S. Dollar lower versus the Japanese Yen.

In Asian trading today, the U.S. Dollar gained versus the Japanese Yen with long-term investors buying the U.S. currency based on speculation that interest rates in the United States will rise within the next year while Japanese rates remain unchanged.