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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, where 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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