Market News

This Forex news discusses the latest Forex developments in the asian trading Forex market.

This Forex technical analysis piece discusses the latest Forex developments in all the major pairs including USD, EUR, and JPY.

This Forex news piece discusses the USD dip against other m ajor currencies like the Yen and Euro

This Forex news piece discusses what the major currencies are doing and predicts what the USD, JPY, and EUR will do over the next few days.

Surprise comments made by Yukio Hatoyama, the Prime Minister for Japan, which suggested that a weak Japanese Yen was not in line with the country’s frail economy, sent the Japanese currency falling against both the U.S. Dollar and the single currency Euro in Asian trading today.

The recent release of economic data from China, indicating that their economy is continuing to grow at a fast pace even as inflationary pressures increase, raised investor expectations...

With the expectation that Japanese exporters will drive demand higher before the fiscal year end on March 31st, the Japanese Yen held steady in Asian trading today.

The Japanese Yen made broad gains in Asian trading today as Japanese firms booked profits prior to their fiscal year end on March 31st.

The Japanese Yen slipped to a 2-week low versus the U.S. Dollar in Asian trading today, as higher share prices in Asian markets triggered investors’ risk appetite,

The Japanese Yen slipped in Asian trading as the government of the People’s Republic of China reaffirmed its current loose monetary policy and Asian share prices rose, all of which served to increase investors’ appetite for risk. Adding to the Yen’s decline against the U.S. Dollar was the news that Japan’s central bank is considering additional easing measures to stimulate the Japanese economy.

Higher yielding currencies declined in Asian trading today as investor concern over the pace of economic recovery in Euro-zone nations reduced demand. Versus the U.S. Dollar,

The U.S. Dollar fell broadly in Asian trading today, dropping to its lowest points in several months versus several currencies. As reported at 1:02 p.m. (JST) in Tokyo, the greenback slipped against the Japanese Yen to 88.67 Yen, a decline of .2%; earlier in the trading session on the EBS platform, it had fallen to 88.47Yen, the lowest price in more than 2 months.

After seeing the pound collapse yesterday, traders can be a bit more optimistic today with the RBA raising rates to 4% and releasing a statement that has a optimistic outlook on the global recovery.

The Australian Dollar retreated in Asian trading today, trimming gains made immediately following the announcement by the Australian central bank that a key interest rate would be raised to 4.0%, up from 3.75%.

The U.S. Dollar rose to a new 9-month peak versus the struggling Pound Sterling in Asian trading today, with the British Pound also trading down against the Japanese Yen. The Pound Sterling was trading at $1.5129 at one point in the day’s session, a 9-month low; this year alone, it has lost better than 6% against the greenback. Versus the Japanese Yen, the Pound traded at 134.50 Yen, its lowest price in nearly a year.