Signs that the U.S. recovery is gaining momentum have seen the Yen decline Vs the Dollar. Australian retail sales put pressure on the Aussie.
Figures out on Friday showed that the U.S. jobless rate has unexpectedly fallen to the lowest in four years. This provided a good reason for Yen selling.
The U.S. Labor Department report had shown that employment had picked up by more than expected in April and that the jobless rate had dropped to 7.5%. Payrolls had expanded by 165,000 workers in April from a 138,000 rise in March.
The U.S. Labor Department report had shown that employment had picked up by more than expected in April and that the jobless rate had dropped to 7.5%. Payrolls had expanded by 165,000 workers in April from a 138,000 rise in March.
The Yen earlier had dropped 0.1% to 99.09 per Dollar and by 0.1% to 130 per Euro. The Euro advanced by 0.1% to $1.3120.
Market sentiment seems to remain speculative, for the short term, as being Yen-negative with the 100-Yen level remaining the next target.
Today the Japanese markets are closed for a holiday.
Market sentiment seems to remain speculative, for the short term, as being Yen-negative with the 100-Yen level remaining the next target.
Today the Japanese markets are closed for a holiday.
Posts
No comments:
Post a Comment