Yen Against Dollar: 9-Month Maximum is Reached

Forex news, rate of Japanese yen. This morning currency trade has shown that euro is strongly supported by European politicians, who have finally made decisions that are encouraging for investors. Even mild decline against US dollar failed to undermine the belief of market players into the “bright future” of European currency, as informed by Internet portal “Market Leader”.

USD / EUR currency pair started this week from point 1.3460, but then slightly dropped to point 1.3450. JPY / EUR currency pair was noticed at point 109.16.

In the morning JPY / USD pair reached the maximal point for the last nine months – 81.66, but then it lowered to point 81.00. This demonstrates support of national currency, which is provided by the Bank of Japan. However, analysts warn that quotations within this pair are changing very quickly, which is unexpected by many market players. Therefore, drop below 80.00 may happen, but in general by the end of the week Japanese yen may reach 82.00.