The fluctuations about JPY continues

EUR USDThe day began with a fall of the yen, after rising Japanese Exchange and another financial injection by the central bank slowed down demand for risky assets. Yesterday the yen against the dollar again rose to ¥ 80,60, which is the lowest level since November onwards. Meanwhile sterling fell to ¥ 129,17, while the euro has depreciated to ¥ 111,95 yen. The Swiss franc also advanced against major currencies as against the dollar reached a new record high at 0.9139. Sterling in turn depreciated by 1.8 percent compared to the CHF 1.4687 level. The Britain remained relatively weak currency as the dollar weakened to $ 1.5977 while the euro rose to a four-peak at £ 0,8708 sterling. Moody’s lowered the credit rating of Portugal with two degrees from A3 to A1, which strengthened concerns about the crisis in Europe and had a momentary pressure on the euro. The Fed did not surprise market participants, leaving unchanged the basic interest rate ranging from 0 to 0.25% and unanimously confirmed the program for the purchase of government bonds.

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