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Japanese Yen Falters in Forex Trading

Yen back down in currency trading on the FX marketThe Japanese yen is dropping again in forex trading as risk appetite, spurred by the announcement of further help to the U.S. economy, returns to the FX market. The yen is falling in currency trading due to the carry trade. Reuters reports on the Japanese yen in forex trading:

Other high-yielders also climbed against the yen. The New Zealand dollar rose 0.5 percent to 83.30 yen, while sterling gained 1.0 percent to 213.91 yen, extending a rebound from 21-month lows near 204.60 yen plumbed earlier in the week.

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Source : GFT Forex

This entry was posted on Friday, January 25th, 2008 at 14:17 and is filed under GFT Forex. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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