Japanese Yen (JPY), Daily Review, March 18th 2010

18 March 2010 @ 07:26 am EDT

The Yen weakened against most majors after the Japanese and U.S. central banks pledged to keep interest rates near zero, boosting demand for stocks and higher-yielding currencies. BSI Manufacturing Index came out worse than the forecast, 4.3 vs. 15.3. The USD/JPY is trapped between 90.0 - 91.0 levels and there isn't a clear trend. Overall, USD/JPY traded with a low of 90.03 and with a high of 90.71.Today, BOJ Monthly Report will be released.

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