Yen appreciates for a second day on expectations that consumer prices dropped

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Source: Bloomberg
The Yen rose 0.3% to 88.48 per U.S. Dollar and 0.4% to 117.74 versus Euro in afternoon of Tokyo trading session on Wednesday. Yesterday the Yen appreciated by 1% and that was the biggest currency's gain since May, 2012. The Japanese currency was traded positively on expectation that domestic inflation data will be lower than expected and will be as an evidence of failing Japanese monetary policy.
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Wed, 23 Jan 2013 08:59:23 GMT

Platinum soars on strong investment demand

Precious metals rallied on Tuesday after the BoJ announced an open-ended asset purchasing program and raised its inflation target by 2%. Sending the commodity group higher the US Dollar depreciated further on weak data from US real estate and manufacturing sectors. Gold advanced after the BoJ unveiled its stimulus measures. However, the gains were capped by an increase in gold's import

Wed, 23 Jan 2013 10:41:04 GMT

Gold reaches a one-month high ahead lawmakers vote on debt ceiling

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