After some profit taking last week, the uptrend in the USDJPY which has been visible since late 2012 has resumed, prompted by the latest news out of Japan announcing that the Chairman of the Bank of Japan Masaaki Shirakawa is to step down on [...]
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During early trading on Friday, the Japanese yen rose against the United States dollar. Despite having sharp drops over the last two weeks, it managed to retrace some of its losses. The greenback lost 0.3 percent versus the yen to a level of [...]
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European markets dropped during the day of trading. The FTSEurofirst 300 index dropped one percent to reach 1,088.43 points. On Tuesday, the index had boasted of gains of 0.4 percent. The French CAC-40 dropped while the British FTSE 100 and [...]
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The head of the International Monetary Fund, Christine Lagarde, announced yesterday that indebted countries may have to enact severe budget cuts. Without these cuts, it will be difficult for debt-ridden nations like Spain, Greece and Portugal to [...]
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On Thursday, the euro dropped yet again. Europe is currently plagued by uncertainty over the potential bailout in Spain. Earlier this week, Eurozone finance ministers met in Luxembourg to discuss potential bailout options. After the meeting, [...]
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On Friday, the greenback reached a two-week high against the Japanese yen. It rose to 78.87 against the Japanese currency before falling back to 78.65. This was a 0.24 percent gain for the day. The United States Labor Department released their [...]
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The European Central Bank decided on Thursday that they were prepared to start a bond-buying program. This new initiative would lower borrowing rates across the Eurozone and provide much needed relief for debt-stricken nations. As a result of [...]
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