Monday, January 13, 2014

USDJPY RISES




Signalgowin.com-The Japanese yen weakened against the dollar, Japan's current account for November showed a deficit of JPY593 billion, compared to a deficit of  JPY128 billion in October; year-on-year bank lending in December rose 2.3% in comparison to 2.2% earlier; USDJPY traded up 0.21% at 103.22, AUDUSD traded down 0.20% at 0.9036, NZDUSD traded down 0.04% to 83.72.
The U.S. dollar traded lower against major currencies, the U.S. economy added 74,000 jobs in December, the U.S. unemployment rate fell to 6.7% in December, the Federal Reserve trims its USD75 billion monthly bond-buying program; Fed asset purchases tend to weaken the dollar by suppressing long-term interest rates, and expectations for further tapering of such ultra-loose policies; the dollar index was up 0.01% at 80.62; the U.S. is to produce data on retail sales, data on import prices and business inventories, Federal Reserve Bank of Philadelphia President Charles Plosser and Dallas Fed President Richard Fisher will speak today.

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