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Yen continues its steady rising against major currencies.

The Japanese Yen witnessed a significant rise against the US Dollar yesterday after Mr. Bernanke's remarks Chairman of the U.S. Federal Reserve Bank, who pointed out that the U.S. economy still faces many challenges and that the labor sector is still in need of further improvement in the coming period which led investors to believe that the Fed on the way to maintain stimulus programs for a longer period. <br><br>

These statements had a significant impact on the dollar, which dropped significantly against the euro. Pair Euro / Dollar hit highest level at 1.3205 after it was trading before Bernanke's remarks at 1.2885. The pair also fell dollar / yen to the 98.21 level before closing yesterday's session at 99.00. Today, the Japanese Yen was able to keep rising against the US Dollar after Japan's Central Bank announced for the stability of monetary policy in the light of the continued control of the bank to the growth rates and work to reduce the levels of deflation afflicting the Japanese economy now. <br><br>

Also, Japan Central Bank raised its assessment of the Japanese economy, which helped the Yen's rise against major currencies. The pair Dollar / Yen completed falling for the second day in a row, the lower level was at 98.44. Moreover, EUR fell against the Yen to the lower level at 129.15.

Thursday, 11 Jul, 2013 / 7:22

Source : https://www.firstbinaryoption.com

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