Market News

The Japanese Yen, which has been appreciating since last week’s catastrophic earthquake in Japan, slipped by better than 3% in Asian trading today.

The Japanese Yen surged to a new record high versus the U.S. Dollar in Asian trading today, leaving investors to speculate about possible intervention by the Japanese central bank.

The common currency Euro weakened slightly against the U.S. Dollar in Asian trading following the downgrade of Portuguese sovereign debt.

The Japanese Yen is surging as investors off-load high risk currencies in the face of yet another crisis in Japan.

The U.S. Dollar rallied against the Japanese Yen, rebounding off earlier lows in Tokyo trading, following Bank of Japan intervention.

Following the 8.9 magnitude earthquake and resultant tsunami which hit the northern coast of Japan a short while ago, the Japanese Yen broadly fell against the majors.

Unexpectedly dismal trade data from China has sent the Euro lower against the U.S. Dollar, and market players expect that the common currency will continue to sink throughout the day.

The U.S. Dollar was higher versus the Japanese Yen in Tokyo trading today following yesterday's small rise in 3-year Treasury yields.

In early Asian trading, the Euro edged up against the U.S. Dollar, but investors, who have increased their long-term holdings in the common currency, appear to believe that a decline in the short-term will prevent it from breaching the November peak.

The Euro’s rally against the US dollar is being questioned as EU leaders continue to battle the region’s sovereign debt crisis and optimism about the U.S. economy increases.

In Asian trading today, the common currency Euro remained steady, holding onto yesterday’s gains following the hawkish comments issued by European Central Bank president, Jean-Claude Trichet.

The common currency steadied close to a 4-month peak versus the U.S. Dollar in Asian trading on growing speculation that the ECB is moving closer to an interest rate hike.

In Asian trading today, the U.S. Dollar is seeing slight gains against the common currency Euro, which could not breach a key resistance level.

Ahead of Ben Bernanke’s testimony later today in the U.S. Congress, the U.S. Dollar is under heavy pressure in Asian trading.

In mid-afternoon trading in Asia, the Euro briefly fell to a 3-week low versus the Japanese Yen, which was precipitated by a decline in regional stock prices.