Yen rises on improved outlook, dollar compensates losses


(MENAFN– ecpulse)

The Japanese yen inclined Tuesday alongside the recent improvement in outlook for the world’s third largest economy, while the American dollar gained versus most of majors to compensate losses seen yesterday.

The dollar inclined against the union currency, where the EUR/USD pair recorded a low of 1.33684 from a high of 1.33897, while the pair started today’s session at 1.33772.

Meanwhile, the yen noticeably inclined versus euro, and the EUR/JPY pair fell to 131.362 after hitting its high at 131.473 from 131.472.

USD/JPY pair traded in narrow ranges during early trades, having the pair currently declining to record a low of 98.032 from a high of 98.342, and it started today’s session at 98.269.

The Australian and New Zealand’s dollar both fell versus their American counterpart, where the AUD/USD pair fell to a low of 0.89671 from a high of 0.90092, while the NZD/USD pair recorded a low of 0.78044 from a high of 0.78402.


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