Yen appreciations from a more than 2-year low

Source: Bloomberg
© Scanpix/Reuters
The Yen appreciated by 0.5% to 87.73 versus the Dollar in very early London trading session on Monday. The Japanese currency increased from a 88.41 level, which is the weakest level since July, 2010. The Yen increases mostly due to technical indicators, which showed that the currency was oversold the most in last decade, as the Yen's RSI reached a value of 15.5, the lowest since December, 2001.
Back to articles

Actual Topics

Mon, 07 Jan 2013 10:58:06 GMT

Australian Dollar appreciates on Japan stimulus

The Australian Dollar, also called Aussie, increased to $1.0469 and appreciated against most of its major developed-market pairs in the end of Sydney trading session on Monday. The market was driven by speculations, that Japan will expand its monetary easing programme in order to boost economy. That would also support a demand for assets related with the global growth. Japan

Mon, 07 Jan 2013 10:36:05 GMT

Nikkei 225 retreats from a 22-month high on oversold warnings

The Nikkei 225 index lost 0.8% to 10,599.01 points in the end of Tokyo trading session on Monday. The main Japanese stock index lost value with trading volume higher by 11% than the 30-day average, as investment decisions were driven by speculations that current market is overbought. Financial institutions and banks depreciated the most leading a decrease of the index:

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.