Yen Recovers Losses Against Majors

November 10th, 2008 • Related • Filed Under




(RTTNews) – The Japanese currency recovered from last session’s losses against its major counterparts during New York morning trading on Monday. After ticking down to new multi-day lows in European deals, the yen showed some strength against major opponents in morning session today.

After edging down to 5-day lows of 99.49 against the US dollar and 84.95 versus the Swiss franc at around 5:45 am ET, the yen gained ground in New York morning deals today. At 11:00 am ET, the yen advanced to 98.37 against the greenback and 83.66 versus the franc.

The yen also strengthened against the euro from previous session’s multi-day low of 128.45 in New York morning deals today. As of now, the euro-yen pair is worth 126.19.

Extending last sessions’ uptrend, the Japanese currency ticked up against its British counterpart in New York morning today. Currently, the pair is trading near 154.41, compared to yesterday’s close of 153.98.

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INO
Source: RealTimeTraders.com

More on this topic (What's this?)
"Mr. Yen" Advocates Much Stronger Yen (naked capitalism, 11/7/08)
Dollar Falls to 6-week Low vs Yen on Payroll Shock (Contrarian Profits, 12/5/08)
Bank of Japans Ready to Intervene Against the Yen's Rise (Blogging the Commodity Bull Market, 10/29/08)
Read more on Japanese Yen (JPY) at Wikinvest

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