Yen goes down

Yen goes down

On Thursday, the Japanese yen held weaker in Asia after the BOJ held steady just as expected and the White House hinted it won’t move to break up with the North American Free Trade Agreement as earlier reported, thus sending the Canadian and Mexican currencies up.

Donald Trump agreed to stay away from terminating the NAFTA treaty in phone calls with the leaders of Canada and Mexico.

The currency pair USD/MXN edged down 1.15% to 18.9589, while USD/CAD hit 1.3533, sliding 0.63%.

The Bank of Japan increased its real GDP prediction for the 2017-18 fiscal years from 1.5% to 1.6%, while holding its target yield for the benchmark 10-year government bond at about 0% as well as ¥80 trillion annual pace of expansion of the bank’s monetary base.

Aside from that, market participants are waiting for the European Central Bank's rate verdict.

The currency pair USD/JPY hit 111.14, rising 0.10%, while AUD/USD reached 0.7487, soaring 0.19%. As for the currency pair EUR/USD, it ascended 0.06%, being worth 1.0911.

Similar

USD/CAD dives notwithstanding dismal Canadian data

On Monday, the greenback dived versus its Canadian rival notwithstanding the publication of dismal Canadian data because the American government shutdown kept dampening demand for the US currency…

Aussie dives, Kiwi stands still in late trade

On Monday, the Australian dollar sank versus its American rival, while the New Zealand dollar was intact because market participants were still digesting the American government shutdown…

Popular

Japan real wages surge is slowest in almost two years

Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…

promotions you can be interested in

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera