Yen goes up on current account

Yen goes up on current account

On Thursday, the Japanese yen soared in Asia because current account figures gave support in thin trade ahead of major bank gathering in Europe later in the day.

The currency pair USD/JPY showed 114.12, sliding 0.15%, following the unadjusted current account for March coming in at a surplus of ¥2.908 trillion, which is wider than the ¥2.643 trillion observed.

Meanwhile, on Thursday, the New Zealand dollar edged down as the major bank held interest rates at a record minimum 1.75% and indicated that a neutral stance on policy will remain. As for NZD/USD, this currency pair dipped 0.80%, being worth 0.6835.

Estimating the greenback’s value versus a trade-weighted basket of six key currencies, the Us dollar index tacked on 0.01%, hitting 99.51.

Overnight, the greenback stood still versus six main currencies because market participants reacted negatively to Trump’s recent decision to sack FBI Director James Comey.


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