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MENAFN - ecPulse - 21/07/2013
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(menafn – ecpulse)

Japanese yen inclined with the start of the week’s session against dollar and major currencies after the winning of the Liberal Democratic Party led by Japanese Prime Minister Shinzo Abe, which supported Japanese yen today.

Japanese yen strengthened amid the current speculation toward Japanese Prime Minister for the upcoming stage and his plans for the nation’s currency.

Dollar fell versus euro and other majors on Bernanke’s scheduled time to cut bonds buying which pulled the greenback to fall and lose its previous upward momentum.

Moreover, Dollar may notice further series of declines during the upcoming period with every negative economic data over the U.S.’s economy besides entering in a correction downwards trend due to the saturation of the technical momentum indicators purchases for the federal currency.

EUR/USD pair inclined to record its highest in three days at 1.3168, while the GBP/USD pair recorded its highest in week at 1.5295.

USD/JPY pair has declined with the beginning of today’s session to record low of 99.60 after starting today’s trades at 100.36, while the EUR/JPY pair fell also to record low of 131.13.


 






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