The Japanese yen gained today as the renewed concerns for the global economic recovery draws the investors to the relative safety of the Japanese currency.
The Australian Industry Group construction index went down from 53.2 to 46.4 in June, signaling about a decline of the construction. Germany’s factory orders expected to increase by as low as 0.5 percent, compared to the previous reading of 2.8 percent. The uninspiring nature of the economic news put the traders’ sentiment in the
USD/JPY traded at 87.04 as of 8:40 GMT today after it opened at 87.49. EUR/JPY dropped to about 109.41 from the opening rate of 110.47.
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