US Dollar appreciates against Japanese Yen on Monday

Note: This section contains information in English only.
Source: WBP Online
USD/JPY pair was bullish and on track to the 109 level on Monday. The Yen lost its appeal on rumours that Shinzo Abe, Prime Minister of Japan, might put-off a hike in sales tax. In the meantime, Yoshihide Suga, Chief Cabinet Secretary, announced that reports are false and tax increase will go ahead. According to Suga, only a Lehman Brothers scale financial crisis might postpone this decision.
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Mon, 16 May 2016 09:56:03 GMT

Aussie recovers from RBA policy with gains against the Kiwi

The Australian Dollar trimmed its previous losses that originated in the RBA rate cut as well as the weak inflationary environment. The Aussie gained 0.5% and traded at 1.0781 New Zealand dollars at 2 PM GMT, awaiting the release of the minutes from the RBA monetary policy meeting. The minutes will potentially provide insights into whether further easing should be

Mon, 16 May 2016 09:34:05 GMT

EUR/USD lack volatility as no data releases in agenda

The Euro traded steadily against the Dollar, hovering around the $1.13 level, while the economic calendar showed no potential drivers for the currencies. The index for Empire State Manufacturing is the only release on the daily agenda, as the single important data announcement on the US this week is scheduled for Tuesday.

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