Yen Recoups From Early Multi-month Low Versus US Dollar
21:00, 22nd February 2012
(RTTNews) - The Japanese yen bounced back from morning session's multi-month low against the US dollar during late New York trading on Wednesday.
Extending its Tuesday's downward trading, the yen declined further against the greenback in Asian and European deals today, while stock markets across the Asia-Pacific region moved mostly higher. Japan's Nikkei 225 Index advanced by 1 percent. No major economic report were released in the Asian session. The pair closed Wednesday's Asian session at 80.04.
The yen also continued its weakness versus the greenback in US trading and edged down to 80.42 by about 11:15 am ET. This was the lowest value since July 11, 2011. Thereafter, the pair reversed its direction and currently trading near 80.30.
No major economic reports will come from the Japan in Thursday's upcoming Asian session.
Copyright(c) 2009 RTTNews.com, Inc. All Rights Reserved