Yen strengthens as BoJ rates remain the same

Tuesday, 12 July 2011 11:53

The Bank of Japan announced its overnight call rate earlier today, which remained the same between 0 and 0.10% as predicted.

U.S Dollar gains

Tuesday, 21 June 2011 05:32

U.S Home Resales declined in May with 4.81 million rather than April’s annualized 5 million Existing Homes Sold. Although May’s figure was disappointing compared to previous release; Home Resales didn’t do all that bad as May’s 4.81 million was very close to economists prediction.

U.S Jobless Claims down by 16K

Thursday, 16 June 2011 04:29

The Euro is seen tumbling towards the downwards direction, the currency against the U.S Dollar managed to plunge to 1.40 levels; Reasoning for this can be put upon complications in Greece as the debt in Europe is receiving all the spotlight. The pair pushed a litte higher after the U.S Unemployment Claims, Building Permits and Housing Starts; trading at 1.4131.

Consumer Spending released in U.S

Friday, 27 May 2011 04:57

The Dollar continues to be under pressure by most major currencies, even though there were some slight gains. EUR/USD fell from today’s 1.4280 to the current 1.4237, as GBP/USD is trading lower from 1.5460 to 1.5419; its current level.

The U.S Dollar rose versus the Japanese Yen to trade at 81.20. The rise was caused as Japan was downgraded by Fitch rating earlier today, permitting the Dollar to jump.

BoJ Call Rate voted to remain the same at <0.10%

Friday, 20 May 2011 10:00

A couple of hours ago, the Bank of Japan executed its monetary policy statement voting that BoJ interest rates will remain at the same position as expected at 0 to 0.1%. Japan has been going through tough times ever since the big nuclear and tsunami disaster, one of the worst in the history; this happening weakened Japan’s economy. Housing market has gone down, export and import facilities have weakened drastically and the currency was seen struggling against its major rivals constantly while the tragedy occured.