Tuesday 10 April 2012

Yen Remains Strong Against Euro (Bloomberg.com April 10th 2012)

April 10th 2012, Masaki Kondo, Monami Yui, John Detrixhe, & Catarina Saraiva, Bloomberg.com

The JPY remains strong today at 0.8% against the Euro as it viewed as a safety net for many investors (Kondo & Yui, 2012).

In the US, employers could not add as many jobs as researchers had hoped and that caused a slight fall in the USD at 0.1% against the Euro and 0.2% against the Yen (Saraiva, 2012).

Also, the Canadian Dollar strengthened against the Yen today after a month. Earlier this month, the CAD experienced falls as the employment and retail increased in the US (Detrixhe, 2012).

To read the full articles, go here:
1) Kondo, M & Yui, M 2012, Bloomberg.com
2) Detrixhe, J 2012, Bloomberg.com
3) Saraiva, C 2012 Bloomberg.com

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