7/27/2011

Most Strong Yen Level Approach

Movements in the yen is still strong trend this morning. Yen was only 0.5% of the most perkasanya positions in the last four months on the dollar. Market participants are worried about U.S. and European efforts in dealing with debt problems so that boosted demand for the currency of Sakura's.

"The movement of the floating market between Europe and the U.S. crisis issues. Investors have little choice but francs and yen. We do not see any other factors to defuse two issues before," said Toshiya Yamauchi, senior currency analyst at Ueda Harlow Ltd..

Record, at 8:14 pm Tokyo time, the yen traded at 77.93 per dollar positions. Earlier, the yen was trading at 77.58 levels, the most powerful position since March 17. If dealing with the euro, the yen was at 112.01 per euro level of 112.04 per euro.

Meanwhile, the exchange rate of the green are in the position of U.S. $ 1.4376 per euro from U.S. $ 1.4369 per euro. The dollar also traded at 80.12 position Swiiss centimes, after yesterday touching a record low at 79.96 position

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