By: Barbara Zigah
As reported at 2:34 p.m. (JST) in Tokyo, the Japanese Yen saw broad gains in Asian trading today as share prices fell and risk appetite for higher-yielding currencies waned. The news that U.S. President Barack Obama would appoint Ben Bernanke to a second term as the Chairman of the Federal Reserve Bank was widely expected, and generally had little effect on the currency markets. Stocks in Asia took a fall following yesterday’s lackluster trading day on Wall Street; the Shanghai share index lost 4% .SSEC following Chinese Premier Wen Jiabao’s comments that China’s loose monetary policy would continue in the face of new economic “difficulties.”
The Japanese Yen traded at 93.96 Yen, a gain of .7%, though still lower than the 1-month high touched on last week. The Yen also gained on the single currency Euro, trading at 134.30 Yen, a rise of .7%. Typically higher yielding, the Australian Dollars also slipped against the Yen, trading at $0.8362, a loss of .2%. Conversely, the New Zealand Dollar moved up on the Yen, trading at $0.6850, a .1% gain and nearing the 11-month high of $0.6888 touched on earlier this month.
.png "DailyForex logo")
Forex Trading Reviews & News 
 Want to get critical Forex news directly to your inbox?Sign up for our newsletter now! |
Barbara Zigah
Barbara Zigah is a freelance journalist living in Ghana, who specializes in Forex-related content; her online work has appeared in the IB Times, NASDAQ, Benzinga, and Seeking Alpha.
| Top Online Forex Brokers | |||
| 1 |
 |
FOREX | Review |
| 2 |
 |
FXCM | Review |
| 3 |
 |
FX Renew | Review |
| 4 |
 |
eToro USA | Review |
| 5 |
 |
Zecco | Review |
| Read More Forex Broker Reviews | |||
FX BONUSES & PROMOTIONS
 | |
 | |
 |
Live Rates
| Symbol | Change | High | Low |
|---|
| EUR/USD | 0.0008 | 1.3283 | 1.32 |
|---|---|---|---|
| AUD/USD | 0.0057 | 1.0777 | 1.0684 |
| EUR/GBP | 0.0001 | 0.8401 | 0.8368 |
| EUR/JPY | -0.08 | 103.17 | 102.28 |
| GBP/USD | 0.0006 | 1.5826 | 1.5761 |
| USD/CAD | -0.0017 | 1.0015 | 0.9975 |
| USD/CHF | -0.0005 | 0.9159 | 0.9106 |
| USD/JPY | -0.07 | 77.77 | 77.41 |
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.
