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Japanese yen back as a safe-haven to incline VS majors  Join our daily free Newsletter

MENAFN - ecPulse - 25/06/2013
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(menafn – ecpulse)

Japanese yen inclined today versus dollar and other major currencies after the previous series of falls, where investors boosted demand on Japanese yen as a safe-haven currency.

Markets are monitoring closely the current cash squeeze in #China which reached its worst levels, which affected on today’s currency movements.

POBC noted earlier that Chinese monetary policies should be fine-tuned in order to face any further challenges and cut the nation’s previous slowdown series, whee the available cash declined.

USD/JPY pair declined for the second dat to record low of 97.26 after hitting high of 98.05, while the EUR/JPY pair declined to 127.58 to be traded now near 127.79.

Australian dollar returned to fall today after yesterday’s slight incline, where the AUD/USD pair recorded low of 0.9195 after starting today’s session at 0.9274.

EUR/USD pair slid to 1.3109 after starting today’s Asian session at 1.3134, to be traded now near 1.3115.


 
 


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