** YoY = Year over Year ** MoM = Month over Month | |||||||||||||||||||||||||||||||||||||
JPY The Japanese Yen was mostly up on late Thursday into Friday after the Governor of the Bank of Japan, Masaaki Shirakawa, said there was a possibility that a stronger Yen could push down consumer prices in the near term but it might serve to support the economy in the long run. Speaking after the Bank left core interest rates at 0.1 percent while upgrading its economic assessment, he added he would carefully monitor the impact of currency moves. The BOJ also said it was growing slightly more optimistic about the economy as a whole and the overall financial conditions bringing it a step closer towards phasing out some of its stimulus measures meant to support corporate funding. At 4:00AM GMT, the Japanese Yen was down .11% to the US Dollar to 91.17, up .11% to the Euro to 134.22, up .34% to the British Pound to 149.42, up .2% to the Australian Dollar to 79.37 and up .09% versus the Swiss Franc to 88.51. Chart: USD/JPY USD/JPY is trying to beat out a bottom ahead of the key 90.00 area, but has found no upside confirmation just yet, as the key 91.75/92.00 bars the way to the upside. | |||||||||||||||||||||||||||||||||||||
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