Yen advances on signals that depreciation is too rapid

Source: Bloomberg
The Japanese Yen strengthened by 0.3% to 101.5 per U.S. Dollar in the morning of Tokyo trading session on Tuesday. The currency rallied from a four-month high, as technical indicators delivered signals that recent drop might be too rapid. The USD/JPY Relative Strength Index for a 14 days period slipped beneath a 30 level, which refers about an oversold situation and the pair might be forced to reverse its trend.
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Tue, 14 May 2013 08:21:19 GMT

U.S. business inventories unchanged for second successive month in March

Business inventories in the U.S. stayed flat for the second straight month in March, while retail inventories decreased and wholesale inventories rose, the Commerce Department reported on Monday. The report showed that business inventories missed economists' forecast of a 0.3% gain, when it stayed unchanged, while retail inventories dropped 0.5% and wholesale inventories added 0.4% in March.

Tue, 14 May 2013 07:56:05 GMT

Won erases three-day loss on international cash inflow

The South Korean Won was higher by 0.1% to 1,110.35 per U.S. dollar in the morning of Seoul trading session on Tuesday. The currency erased last three-day loss, as international funds bought domestic equity. Investors boosted their appetite for more risky assets, including emerging markets, as U.S. retail sales indicated an increase.

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