Sluggish Yen boosts Japanese stock market

Source: WBP Online
After the anticipated Jackson Hole Symposium over this weekend, the Fed Chairman Janet Yellen announced a possible federal fund rate increase before the previously established schedule. As a result, the Yen slipped against the Greenback and the pair is now trading at ¥104.24. The weak Yen had a positive effect on the Japanese stock market, pushing Nikkei 225 index up by 0.48% to 15,613.25 points; Topix inched up 0.45% to end at 1,291.38 points. Additionally, Japanese corporations, such as Pioneer, Casio Computers and Alps Electric, experienced a rally of over 3.2%.
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Mon, 25 Aug 2014 09:00:06 GMT

Greenback gained on Fed speech

The U.S Dollar advanced to 11-month high against the shared currency after Fed speech at the Jackson Hole Symposium provided grounds for speculations over higher future interest rate. Additionally, Mario Draghi announced the Eurozone inflation data to lag expectations. The Fed shed some light on the growing housing market, as home sales climbed by 5.7% last period, following a sharp

Fri, 22 Aug 2014 09:57:04 GMT

Aussies gets back as traders anticipate Fed speech

The Australian Dollar rebounded after it hit three-month low over negative Chinese manufacturing number, as currency traders move away from the U.S Dollar to its major peers. Experts estimate that the Fed governor's speech at Jackson Hole can potentially fuel the demand of Oz currency. However, some experts predict different a scenario for the Aussie in case Fed leans towards

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