USD / JPY: Dollar increases against the yen, investors await US employment report
On Friday, the rising exchange rate
The dollar against the yen, the participants
the market are waiting for the publication of the September
Data on US employment.
Today the dollar has
rose by 0.39% – to 108.88 yen on Wednesday was
recorded in the six-year maximum
110.09. For the week the dollar against the yen
already lost about 0.4%.
Analysts note that
the fact that the dollar exchange rate against the yen resist
above 108, thus reassure investors,
that the dollar will rise. But until now, no
clearly, this upward trend or not,
so now it would be wiser to buy
in moments of reduction of quotations – advises
Director of State Street in the foreign exchange market
Tokyo Bart Wakabayashi.
Meanwhile, the euro
fell by 0.19% – up to $ 1.2646, while the week
It loses about 0.25%. Especially the euro fell
Yesterday, on Thursday, when the ECB announced
plans to buy up debt in the framework of incentives
bank lending and accelerating
stagnant euro zone economy.
Strategist at IG Securities in Tokyo
Unity Ishikawa said that it was
adjustment of long positions in the dollar.
And if today’s employment report
The US will be better than expected, begin again
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