- Analytics
- News and Tools
- Market News
- Asian session: The yen weakened
Asian session: The yen weakened
The yen weakened, nearing the 100 per dollar level not seen since 2009, after the Bank of Japan’s monetary stimulus policies were unopposed by the Group of 20.
Japan’s currency slid against most major peers after BOJ Governor Haruhiko Kuroda, who oversees his second policy meeting this week, said he was emboldened to press ahead with a campaign to defeat deflation.
The euro rose versus the greenback before Giorgio Napolitano is sworn in to a second term as Italian president. In Italy, Napolitano could begin consultations on a new government as soon as tomorrow. The resignation of Democratic Party leader Pier Luigi Bersani increases the chances Napolitano can convince the remnants of Bersani’s Democrats to join a coalition with Silvio Berlusconi’s People of Liberty party and end a stalemate that’s left Italy without a new government eight weeks after elections.
The Australian and New Zealand dollars rallied along with Asian stocks.
EUR / USD: yesterday the pair rose to $ 1.3085
GBP / USD: yesterday the pair rose to $ 1.5245.
USD / JPY: during the Asian session, the pair rose to Y99.90.
Although only limited data is expected Monday, there is still a full list of speaking events scheduled for Monday. The session licks off with the release of the eurozone 2012 1st release of general Govt deficit and debt data. The Bundesbank monthly report is due at 10GMT and is followed by a speech from ECB Executive Board member Benoit Coeure, speaking on the new euro banknotes, in Vienna. At 1315GMT, Norges Bank Governor Oystein Olsen is slated to give a lecture in Bergen, Norway. EU Vice President Olli Rehn will give a speech to the Paris Europlace forum in New York. At 1500GMT, French Finance Minister Pierre Moscovici will speak at the Europlace conference, in New York. France Bank of France Gov. Christian Noyer speaks at the forum in New York from 1700GMT.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
