Forex Updates- Movements of JPY and GBP against USD
Thursday, April 16, 2009
On Thursday, the JPY slipped against major currencies, which follows strong gains in Tokyo share prices; where as GBP jumped after Brighter British housing data gave investors the opportunity to test higher ground for the currency.
On Wednesday, GBP hit a three-months high against the USD because of Forex updates the rate of decline in the house prices in England and Wales moderated to more slow in this year and sale amount raised up from record low levels.
Higher yielding currencies like the AUD and GBP were also getting a pick up against the JPY.
A trader at Japanese banks said that the crosses versus the yen are being bought by temporary players, mostly foreign hedge funds.
US data presented consumer prices posted their first 12-months fall in almost 54 years in March and industrial production fell down further. But the Federal Reserve said that economic activity is some parts of economy seem to be stabilizing.
The USD was at 99.44yen, small changed from US trade on Wednesday.
On Wednesday, GBP hit a three-months high against the USD because of Forex updates the rate of decline in the house prices in England and Wales moderated to more slow in this year and sale amount raised up from record low levels.
Higher yielding currencies like the AUD and GBP were also getting a pick up against the JPY.
A trader at Japanese banks said that the crosses versus the yen are being bought by temporary players, mostly foreign hedge funds.
US data presented consumer prices posted their first 12-months fall in almost 54 years in March and industrial production fell down further. But the Federal Reserve said that economic activity is some parts of economy seem to be stabilizing.
The USD was at 99.44yen, small changed from US trade on Wednesday.
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