Sunday, December 5, 2010

Already strong again flexes muscles yen

Does look now, but the yen looks like he brings another run for the annals.

The dollar fell below 80.84 Yen Monday afternoon and negotiate also down that 80.71 at a given time, reaching another record of 15 ans.Qui puts the Japanese currency in striking distance 79.75 level reached 15 years, the strengthening yen to venture into new territory for positioning.

Traders say that the yen can now test the lowest record next sessions.Le result of the Group of 20 meeting of Finance Ministers and Governors of central banks in southern Korea this weekend seems to do nothing to curb the weakness of the dollar, they say. Meanwhile, the US Federal Reserve Committee should still largely to approve measures quantitative easing, which could pressure the dollar even lower.

-Andrew Monahan

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