U.S. Dollar sharply appreciates versus Yen on American labor market data

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Source: Bloomberg
The U.S. Dollar rose 0.6% to 95.43 against the Yen by midday trading session in Tokyo on Friday, after reaching 95.45 level, which is the highest since August 2009. The Japanese Yen has already dropped 1.9% against the Dollar in March, mainly due to data from Japan, which had a current account deficit for a third straight month. Demand for the U.S. Dollar is affected by speculation that improving labour market will make the Federal Reserve to end the monetary easing programme earlier than expected.
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Fri, 08 Mar 2013 08:53:05 GMT

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