Friday, August 17, 2012

Daily Forex News: JPY Lower Expected for Monetary Easing by Bank of Japan, U.K. Retail Sales Brings GBP Jumped

Daily forex news from Tokyo we reporting, Japanese yen is lower today, it is because of sliding against major currencies as traders express their expectations for monetary easing by the Bank of Japan. Between US Treasury yields and possible BOJ easing, the Japanese yen is likely to continue losing ground to other currencies

Meanwhile daily forex news for British currency, The Great Britain Pound jumped today, erasing its earlier losses versus the US dollar, as the latest economic data retail sales unexpectedly increased, giving hope that the UK economy is in a better shape than was previously considered

Worries about Greece is coming back, Eurozone single currency EUR fell yesterday as fears about Greece's exit from the eurozone resurfaced, driving investors away from the shared European currency. Today, the euro managed to pare its losses and gained against other majors currency

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