4 Jul 2013
Yen higher across the board
FXstreet.com (Barcelona) - With Nikkei index opening below the key 14k points mark, and latest Japan foreing bond investment data already released, Yen has been broadly bought in early Asian session.
Last at 99.82, USD/JPY is slightly above recent session lows at 99.68, off session highs at 100.10, while EUR/JPY is last at 129.92, off recent session lows at 129.74.
AUD/JPY is more stable around the initial session price at 90.94 given current Aussie strength. GBP/JPY is last trading at 152.60, off session lows at 152.30. According to FX Charts analyst Jim Langlands, “The Yen came back into favour today as investors sought a safe haven once the concerns over Portugal’s ability to keep to its bailout commitments started to spread.”
Last at 99.82, USD/JPY is slightly above recent session lows at 99.68, off session highs at 100.10, while EUR/JPY is last at 129.92, off recent session lows at 129.74.
AUD/JPY is more stable around the initial session price at 90.94 given current Aussie strength. GBP/JPY is last trading at 152.60, off session lows at 152.30. According to FX Charts analyst Jim Langlands, “The Yen came back into favour today as investors sought a safe haven once the concerns over Portugal’s ability to keep to its bailout commitments started to spread.”