Yen trades close to 4-month low versus Euro

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Source: Bloomberg
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Japanese currency depreciated sharply on Monday and was trading close to 4-month record low on improved sentiment Euro Zone will resolve region's crisis and US kept showing signs of recovery. Moreover China signalled it might provide funding for containing debt turmoil through IMF and G-20 said they will involve in case Europe creates substantial financial firewall in two months. Yen weakened to JPY 109.07 per Euro in Asian trade. Currently EUR/JPY is trading at JPY 108.99.
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Mon, 27 Feb 2012 08:30:11 GMT

Aussie slightly lower against Yen on Greek concerns

Australian Dollar modestly weakened against Japanese Yen and US Dollar as investors were concerned Greece might experience further difficulties in tackling its debt turmoil. Aussie fell 0.1% both against Yen and greenback to JPY 86.72 and USD 1.0688. Kiwi showed similar performance, giving up 0.1% versus Dollar and Yen. Currently AUD/USD is trading at USD 1.0673 and NZD/USD is trading at USD 0.8341. 

Mon, 27 Feb 2012 07:26:53 GMT

Germany needs to show more leadership, claims G-20

Germany should put more effort to contain region's debt crisis instead of just requiring additional money from outside, announced the Group of 20 nations. G-20 suggested Europe to expand its own financial firewall before borrowing from other countries or organizations. During Mexico meeting Germany attempted to persuade G-20 countries to inject extra capital in IMF to tackle crisis.

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