Forex Brokers

Avafx Website

Markets.com Website

SunbirdFX

FXCM Website

DeltaStock Website

ThinkForex Website

eToro Website

Forex.com Website

AFBFX website

Tadawul FX Website

Japanese Yen Makes Gains against Euro, Other Currencies

Social Sharing
  • 25 March 2009 2:30 AM GMT
On March 25, 2009, as reported at 3:42 p.m. (JST) in Tokyo, the Japanese Yen climbed against the Australian Dollar and the single currency Euro as the Asian currency got some relief after its fall the previous day, with investors in Japan selling foreign assets prior to their financial year-end at the conclusion of this month.

The U.S. Dollar was able to hold on to a lot of the gains made yesterday on profit-taking, given its fall last week, when the currency suffered its largest weekly drop in almost 25 years versus a group of six major currencies.  According to one foreign exchange analyst in Japan, the increase in the Japanese Yen today is seen, in part, purely as a reversal of its steep fall over the past few days.

The Euro fell by 0.2% against the Japanese Yen and traded at 131.62 Yen, having retreated from 134.50 Yen, a 5-month high.  The U.S. Dollar dropped by 0.2% against the Japanese Yen and traded at 97.60 Yen; up from 93.55 Yen, a month-long low.  The Australian Dollar fell by 0.2% against the Japanese Yen and traded at 68.06 Yen.

 

Sign Up For DailyForex NewsletterWant to get critical Forex news directly to your inbox?
Sign up for our newsletter now!

0 Comments

Registration is required to ensure the security of our users. Login via Facebook to share your comment with your friends, or register for DailyForex to post comments quickly and safely whenever you have something to say.

Log in with Facebook

You can use your Facebook account to sign into our site.

Log in with Facebook

Login to DailyForex


Don't have a DailyForex Account?
Create an account now
Top Forex Broker of the Month
Top Forex Broker of the Month
AVAFX Special Bonus for DailyForex

Live FX Rates

SymbolChangeHighLow
EUR/USD0.00861.26231.2562
AUD/USD0.01130.98790.9799
EUR/GBP0.00370.80360.801
EUR/JPY0.37100.2199.81
GBP/USD0.0041.57161.5678
USD/CAD-0.00551.02711.0238
USD/CHF-0.00520.9570.9532
USD/JPY-0.2879.7379.35

Daily Forex Trader's Corner

Free Forex Trading Courses
DailyForex has teamed up with Online Trading Academy to provide you with 3 e-courses for FREE! Valued at $150, these courses focus on Technical Analysis, Trading Basics and Risk Management.

Get Your Free Forex Courses Now

Stay updated with our

  • Forex RSS
  • Follow us on Twitter
  • Join our Facebook Page
  • Visit DailyForex.com's Channel on Yotube
  • Join our LinkedIn group and meet other Forex traders/experts
  • Read and follow us on SeekingAlpha, one of the Web's leading financial sites