The yen gained against the dollar Tuesday in New York. The Japanese currency steadily gained through much of the morning, hitting an intraday high of 121.12 at 9:10 am ET. That level was the highest the yen had been in over a week. The yen pulled back from some of those gains in the late morning after the release of stronger-than-expected American non-manufacturing ISM data. Those losses did not last, however, and the pound advanced again in the early afternoon. At 2:25 pm, the yen traded at a mark of 121.33.
Versus the euro, the yen advanced Tuesday in New York. After a morning dominated by largely uncertain trading, the Japanese currency gained around 8:30 am ET. After a brief decline that began at 10 am, the yen started its advance once again. At 2:30 pm, the yen fetched a mark of 164.10, compared to an intraday low of 164.59 at 3:30 am and intraday high of 163.90 at 9:10 am. Traders considered data released Tuesday showing that Euro zone retail sales grew at a weaker-than-expected rate in April.
The yen traded higher against the sterling Tuesday in New York. The Japanese currency advanced through much of the morning, reaching an intraday high of 241.53 at 9:10 am ET. The yen lost some of those gains in the late morning, before gaining again in the early afternoon. At 2:35 pm, the yen traded at a mark of 241.77 versus the pound. Trading took place following the release of stronger-than-expected UK PMI data in May, as well as news that May retail sales grew at their lowest rate in six months. Investors also looked toward to the release of the British consumer confidence survey.
Copyright © 2007 RTTNews.com. All Rights Reserved.
No comments:
Post a Comment