(MENAFN– ecpulse)
Japanese yen reached its highest in eight week versus American dollar amid as the U.S.’s President Barack Obama noted that he will not negotiate with Republicans about the nation’s debt limit, which boosted demand on Japanese yen as a safe-haven currency.
Meanwhile, Japanese yen slightly affected by the negative data in Japan, where Japan recorded more than estimated trade deficit in August, while the nation’s current account surplus declined.
USD/JPY pair inclined after Japanese data to record high of 96.773 from low of 96.655, where the pair started today’s session at 96.687, while the pair currently traded near 96.739.
Japanese yen inclined versus the euro to extend its previous against, where the EUR/JPY pair fell to low of 131.223 after hitting its highest at 131.418, where the pair started today’s session at 131.309.
Moreover, GBP/JPY fell for the second straight session today to record low of 155.536 from high of 155.773.
On the other hand, euro fell against American dollar amid the current weakness of euro among major peers, where the EUR/USD pair recorded low of 1.35690, from high of 1.35806, where the pair started today’s session at 1.35799.
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