4:09pm EDT * Euro jumps on expected rate hikes * Yen down vs dollar, EUR/JPY hits 10-month high * Market focus on rate differentials * Asset managers go tentatively long carry trades (Updates prices) By Steven C. Johnson NEW YORK, March 30 (Reuters) – The euro hit a 10-month high against the yen and rose [...]
The Yen fell against most of the major currencies during last week’s trading session. The Yen dropped about 100 pips vs. the Dollar and about 300 pips against the Pound, and the GBP/JPY pair is now trading near the 135.50 level. The Yen dropped last week due to speculations that Asia’s economic recovery is advancing. [...]
The Yen fell against mot of its major rivals during yesterday’s trading session. The Yen dropped about 100 pips against the Dollar, and about 250 pips against the Euro. The Yen also slid 200 pips against the British Pound. The Yen tumbled yesterday on speculations that the Japanese leadership is looking to weaken the national [...]