Euro News Page 3.html

Commodity currencies have been given a boost by an improved appetite for riskier assets as the euro struggles to make gains ahead of a policy meeting at the European Central Bank. The mood has been given a boost by a commitment to bond buying at the US Federal Reserve and the probability that the Bank of England, ECB and Bank of Japan will...

As investors look towards an auction of Italian bonds the yen has held against other major currencies. Recent elections in Italy have ended in a political stalemate and seen the country’s borrowing costs soar. If these costs remain high they could have a detrimental effect on the euro. The dollar dropped 0.1 per cent against the Japanese...

The yen is up against the US dollar as analysts remain uncertain about just how aggressive the Japanese government will be in easing monetary policy. The greenback hit 93.55 yen on Wednesday, a fall of 0.1 per cent. The market is expecting the recent decline of the Japanese currency to slow as doubts remain as to whether the Bank of Japan...

Concerns over the effect Japan’s policy of monetary easing might have on exchange rates has put the yen at centre stage. The Group of Seven has expressed concerns although Japan’s finance minister Taro Aso has assured that the Bank of Japan’s policies are aimed at devaluation and not the global exchange markets. Since last November...

The yen has hit its lowest level in 33 months against the euro and the US dollar as investors expect a new governor of the Bank of Japan to be more receptive to aggressive monetary easing. On Tuesday, current governor Masaaki Shirakawa announced he would be ending his term three weeks earlier than expected on 19 March. A meeting next week...

Investment in foreign currencies has hit an upturn as the UK pound, Swiss franc and Japanese yen decline. Investors have been encouraged by better sentiment with regard to the eurozone. A surge in yen trading followed an announcement by the Bank of Japan that it would be introducing measures to counter deflation on 22 January. Barclays...

This week’s announcement by the Bank of Japan that monetary easing efforts will be less aggressive than expected saw the US dollar drop against the yen. The BOJ is under pressure from the new government to act decisively to pull the country’s economy out of recession. The central bank said it will double its target for inflation and...

The yen has gained for a second day after Akira Amari, Japan’s Economics Minister, warned the currency’s weakness could push up the price of imports and damage people’s livelihoods. State Street’s head of forex, Kimihiko Tomita, said the yen had fallen quickly, adding that if it falls to quickly a reversal could be equally fast....

The dollar has edged up against the yen as buyers are attracted to the US currency as further monetary easing is expected by the Bank of Japan. Having slipped to 86.83 yen the dollar ended by pulling back 0.3 per cent to 87.38 yen. On Friday the greenback managed its highest position since July 2010 at 88.48 yen. Credit Agricole’s global...

The markets are looking to riskier assets as the yen and dollar drop and the US avoids the so called fiscal cliff. Tax increases have been agreed to by Congress that will hit the nation’s wealthy. The agreement will mean the US will now not fall into recession. The euro is currently at its highest level against the yen since July 2011...