Yen gains on Japan's trade gap contraction

Source: Bloomberg
The Japanese Yen appreciated by 0.3% to 95.77 per U.S. Dollar in the morning of trading session in London on Thursday. Markets were willing to buy the currency, as trade data indicated a lower than expected Japan's trade deficit, which contracted to 777.5 million Yen in February from 1.63 trillion yen in January. Also, investors wait for the first press conference of the Bank of Japan governor Haruhiko Kuroda.
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Thu, 21 Mar 2013 11:41:06 GMT

Won hovers around 6-month low on Europe's issues

The South Korean Won was little changed at 1,116.30 per U.S. Dollar in the morning of Seoul trading session on Thursday. The currency was close to a 1,119.95 level, which is the weakest point since 27th of September. Markets wait for more detailed information on Cyprus issues and expect that the U.S. monetary policies will not be tightened yet.

Thu, 21 Mar 2013 11:08:06 GMT

Corn jumps as cold weather slows planting

Farm commodities followed bullish trend on Wednesday as fears over Cyprus waned boosting demand for riskier assets. Moreover, signs of stronger demand for US grains as well as concerns over rain forecasts in Brazil pushed the commodity sector higher. Wheat rallied on talks that wheat's price discount to corn may result in an increase in demand from livestock producers. Iraq and

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