Forex Updates- USD and JPY increases, caution returns

Forex updates
On Tuesday the USD and JPY were stable, grasping the majority gains made the previous day as investors stayed careful about returning to risky assets with regional stocks falling after a fall in Wall Street.

On Monday the USD jumped back from a 4 month low against major currencies, after investors gained profits from increase in other riskier currencies that lifted up by good hopes about the U.S. banking system.

According to some Forex Traders, investors may continue to ease the situation and purchase the Dollars and Yen they used to finance the investments in higher-yielding currencies like the Australian dollar.

The Euro and the Aussie got some support as optimism continued and remained strong, that the worst of the economic slump and financial crisis are over, according to some Forex Trader.

The Euro was stable at $1.3587 after slipping as low as $1.3557 on trading platform EBS from a seven-week high of $1.3670 strike early the previous day.