Day: January 20, 2009

Yen Breaks Through Record High vs. Pound

The Japanese yen remains the newsmaker amidst the global financial crisis as it reaches the all-time high levels against the British pound and is outperforming the high-yielding currencies. After more bad news came out from the banks of the United Kingdom (record high losses of Royal Bank of Scotland Group Plc.), the pound weakened significantly as the government will probably have to pour […]