Yen Declines on EU-Greece Rescue Plan
The yen was the most affected currency by a new wave of optimism started by EU officials statements suggesting that the bloc will help Greece financially to solve its public debt issues, losing specially versus
The Japanese currency started this Wednesday continuing its losing trend initiated yesterday by renewed optimism that Greece fiscal crisis will end sooner than expected as the European Union signaled its intentions to inject money in the country’s accounts, as long as it follows measures necessary to tighten its massive public deficit.
AUD/JPY traded at 78.73 as of 02:23 AM from a previous intraday rate of 77.30.
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Earlier News About the Japanese Yen:
- Yen Drops as Riskier Assets Gain on Confidence (2010-02-03)
- Yen Falls on Fed Positive Remarks (2010-01-28)
- Yen Climbs on Market Sentiment Pessimism (2010-01-27)
- Yen More Attractive on Renewed Risk Aversion (2010-01-23)
- Yen Best Performer on Trading Restrictions (2010-01-21)