Yen rises on assumption recent drops were too quick

Note: This section contains information in English only.
Source: Bloomberg
The Japanese Yen gained versus the Euro and trimmed drops against the U.S. Dollar as technical indicators showed recent declines were too rapid. The Yen advanced as much as 0.4% to 126.21 per Euro at 1:50 p.m. in Tokyo from the previous week, when the currency dropped to 126.97, the lowest since April 2010. It rose 0.1% to 92.65 per U.S. Dollar, after trading at 92.97 on February 1, the lowest since May 2010.
Back to articles

Actual Topics

Mon, 04 Feb 2013 10:05:04 GMT

Nickel rallies as stainless steelmakers restock

Industrial metals finished the week in the green territory amid positive US manufacturing numbers and weaker US Dollar. Moreover, China's PMI indicated expansion despite being slightly below market consensus. Aluminum moved higher on encouraging data from the US and China. However, aluminum remained under heavy pressure as LME stocks hovered near a record high of 5,24 million tonnes. Copper jumped

Mon, 04 Feb 2013 09:25:11 GMT

Platinum climbs on industrial demand outlook

Precious metals rallied on Friday, being boosted by the latest Fed's decision to stick to its loose monetary policy. Weaker greenback coupled with mixed US labour market data also spurred the rally. Gold moved higher as market players remained focused on the Fed's stimulus measures. Furthermore, strong demand from central banks across the globe as well as weakness in the

Subscribe to "Fundamental Analysis" feed

Souscrire
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.