Forex Updates- AUD hits 7-month high against JPY, USD

On Monday, the USD and the JPY dropped, hitting 7-month downs against the AUD as investor confidence about the worlds economy encouraged purchasing of commodities and riskier currencies.

With Tokyo markets close until Thursday for the Golden Week holiday and London on a 1-day holiday, trading was lighter than usual but did not stop sterling and the NZD from pushing to their maximum in two weeks against JPY.

Analysts said that the gain is riskier currencies was come from a confluence of improving US economic signs, indicates that the new flu strain occurrence seem less severe than rising stock markets. The S&P futures rose 0.5%, indicating a positive start on Wall Street later.

On Friday, Forex updates showed that US consumers felt more confident about the economy in April whereas a key gauge of manufacturing recommended the sector was slowly rising out of a deep fall.

The USD gained 0.2% to 99.37 Yen from late US trading levels, edging closer to the 100Yen level, which it broke in early April to set a 6-month high of 101.45Yen. But it let down to maintain the April move for long.