The Yen remains stable and gains against the US Dollar and the Euro

Note: This section contains information in English only.
Source: Bloomberg
The Yen remains quite stable against its counterparts. It went up against the US Dollar on Wednesday morning, July 11, from USD 79.43 to USD 79.37. German court's decision about the Eurozone's bailout mechanism as well as stagnated manufacturing allowed the Yen to appreciate. The Japanese national currency beat record high against the Euro and touched EUR 97.10 trading rate. Though analysts claim that such stability of the Yen exists until the Bank of Japan starts acting.
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Wed, 11 Jul 2012 09:31:56 GMT

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