Versus the sterling, the yen saw little decisive direction on Wednesday. The range held the yen between a low of 239.30 and a high of 238.58. In general, the Japanese currency is near a weekly high against the currency.
In trading with the euro, the yen rose sharply in action on Wednesday. The currency advanced to a mark of 163.17 in the mid-afternoon action. Overall, the yen is coming up off a recent 10 day low.
The yen saw weakness against the dollar in trading on Wednesday. By the mid-afternoon, the currency had declined to a mark of 120.72. On the whole, the Japanese currency is at its lowest point since late February.
Japanese consumer confidence index improved to 47.4 in April. Economists expected a reading of 48.6.
Copyright © 2007 RTTNews.com. All Rights Reserved.
No comments:
Post a Comment