Market News

Yesterday’s release of the minutes from last month’s Federal Open Market Committee policy meeting spurred on investor speculation that the Fed will soon increase their QE measures.

In Asian trading today, the U.S. Dollar Index held steady, and may be an indication that market players are factoring in the possibility of the Fed’s putting QE measures into play soon.

In spite of speculation that the Federal Reserve will implement more quantitative easing policies in an effort to spur the sluggish American economy, the U.S. Dollar steadied in Asian trading.

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Ahead of the Labor Department’s release of weekly employment data, the U.S. Dollar steadied in Asian trading, recovering slightly from the sell-off that occurred earlier in the week. The markets are also keenly awaiting news out of the IMF and the G7 meetings later today.

The U.S. Dollar held fast to multi-year lows against the Japanese Yen in Asian trading today.

In Asian trading today, the U.S. Dollar held steady versus the Japanese Yen, but the market is merely waiting for the greenback to further soften once the Federal Reserve Bank takes additional quantitative easing measures, as most investors anticipate they will.

In a move that caught the global forex markets unaware, the Bank of Japan today, in a unanimous vote, announced a reduction in its lending rate to a mere sliver above zero percent.

With investors unwinding long Yen positions in advance of this week’s policy meeting in Japan, the U.S. Dollar gained versus the Japanese currency in Asian trading; most investors don’t see any real surprises coming out of the meeting, however.

With investor risk appetite whetted by positive economic data from China, the common currency Euro moved up against the U.S. Dollar in Asian trading today, holding steady near a 5-month peak

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With investors watching closely for any last minute sales of the greenback by exporters from Japan on this, the final day of the first half of the Japanese fiscal year, the U.S. Dollar appears to be firmly rooted near this week’s low trade versus the Japanese Yen.

The U.S. Dollar, which has continued to struggle against major currencies over the past months, once again appears vulnerable to a further decline.

The U.S. Dollar managed to hold steady against the Japanese Yen, trading at 84.20 Yen, very near to the New York close, while the U.S. Dollar Index traded at 79.42 .DXY, distancing itself from Monday’s 7-month low.

In Asian trading today, profit-taking investors helped the U.S. Dollar rise against the Japanese Yen; as reported at 1:51 p.m. (JST) in Tokyo, the U.S. Dollar was trading against the Yen at 84.25 Yen.