Japanese yen surges after choppy trading overnight
October 17, 2014 1:39 am
The Japanese yen was well off its highs Friday night following a choppy session overnight, in which some calm went back to Wall Street due to encouraging US data.
Also, St. Louis Federal Reserve Bank head James Bullard said the US central bank might want to retain its bond buying stimulus for now given a decline in inflation expectations, which came following figures displayed the number of Americans submitting new claims for jobless benefits fell to a 14-year low last week while industrial output climbed sharply in September.
The yen rose to ¥106.46 per US dollar, from five-week trough of ¥105.29 Wednesday. Against the euro, the currency traded at ¥136.35 from ¥134.15. It also traded at ¥93.25 per Australian dollar, previously ¥91.72.
“It was largely a cool down session, spiced up by solid U.S. data and a surprisingly dovish comment from Fed member Bullard,” said CitiFx analysts at CitiFx in a note to clients.
The material has been provided by InstaForex Company – www.instaforex.com
The Japanese yen was well off its highs Friday night following a choppy session overnight, in which some calm went back to Wall Street due to encouraging US data.
Also, St. Louis Federal Reserve Bank head James Bullard said the US central bank might want to retain its bond buying stimulus for now given a decline in inflation expectations, which came following figures displayed the number of Americans submitting new claims for jobless benefits fell to a 14-year low last week while industrial output climbed sharply in September.
The yen rose to ¥106.46 per US dollar, from five-week trough of ¥105.29 Wednesday. Against the euro, the currency traded at ¥136.35 from ¥134.15. It also traded at ¥93.25 per Australian dollar, previously ¥91.72.
“It was largely a cool down session, spiced up by solid U.S. data and a surprisingly dovish comment from Fed member Bullard,” said CitiFx analysts at CitiFx in a note to clients.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: