The greenback remained in the 83 - yen range, its strongest
level against the yen since last April.
Not exact matches
It is the promise of «Abenomics» that has seen the
yen shed about 15 percent of its value
against the dollar since November and Japanese shares surge to their highest
level in more than four years.
The
yen traded near 108
against the greenback Monday morning, the Japanese currency's weakest
level versus the dollar in more than two months.
The last time the G - 20 issued such a firm statement
against currency wars Japan was in the spotlight as its campaign of monetary stimulus pushed the
yen to its lowest
level against the dollar in about five years.
As of today, the unemployment
level maintains to the lowest
levels since 2009, but any increase in unemployment may weaken the European currency
against major pairs, including
Yen.
During this period, the dollar reached a low of 102
against the
yen, and 1.365
against the euro — the lowest
level since the latter's introduction in 1999.
In the final three months of last year the US dollar declined by 8 per cent
against the euro and 7 per cent
against the
yen, to be around its lowest
level in the past decade.
While the Australian dollar has appreciated more than some of these other currencies, the additional appreciation is not that large (see Graph 24), and, as noted above, the Australian dollar remains below average
levels against currencies such as the euro and
yen.
The Japanese authorities slowed the very heavy intervention they had been undertaking in earlier months and the
yen appreciated by as much as 8 per cent to 108
against the US dollar between end August and late October — its highest
level for nearly three years — before weakening a little.
The
Yen has been rising steadily since early January and ended this week at its best
levels against the USD since Trump's election.
Binary options can be used to speculate on the outcomes of various situations, such as will the S&P 500 rise above a certain
level by tomorrow or next week, will this week's jobless claims be higher than the market expects, or will the euro or
yen decline
against the U.S. dollar today?
The pound dropped to its lowest
level since 1985 as it became clear that Britain had voted Out, having already collapsed a historic 13 %
against the Japanese
Yen.