Day: April 17, 2008

Yen Weakening against Euro, Pound

The Japanese yen continued its fall against the high yielding currencies today, especially against a very strong bullish euro, and reached 3-month minimum value against it, as the stock market rallies spurred carry trade popularity on Forex. The yen dropped also against the New Zealand and Australian dollars because of their high interest rate, which makes them the perfect counterparts […]