JPY Economic News, Japanese Yen Currency, japanese yen
Recently, the JPY rallied against the USD and the EUR on speculation that slides in global stocks will prompt investors to sell higher-yielding assets and pay back loans in Japan. The Yen also advanced versus the New Zealand dollar and against the British pound, as U.S. lawmakers held off taking action on a bailout requested by the nation’s automakers, spurring a reduction in so-called carry trades. A rise in U.S. jobless claims and a drop in manufacturing also helped boost the JPY. The Yen traded at 94.16 per USD from 93.69 late yesterday in New York, and at 117.13 per EUR from 116.68 yesterday.
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