The Japanese yen rose against the euro and fluctuated versus the dollar as concerns about the US debt added to uncertainty caused by the European crisis.

The Japanese yen was rising through this week as concerns about the European debt crisis returned to markets with new strength, reassuring that safe assets would be in high demand.

The Great Britain pound advanced yesterday on the good macroeconomic data from the USA and the speculation the Federal Reserve is going to make the monetary policy even more accommodative.

The Canadian dollar strengthened today after the positive fundamental report lead to optimism among investors that was further reinforced by the good news from Europe.

The South Korean won remained lower today as concerns about the sovereign debt crisis in Europe were negative for the currency.

The South African rand went higher today for the first time this week as the good fundamentals and the outlook for the USA overshadowed the European crisis.

Japanese yen is higher today against the US dollar, a situation that has many companies in Japan increasing their efforts to shift overseas. Yen continues to strengthen, in spite of efforts by Japanese leaders to keep the currency weak against the dollar.

Euro is heading higher today, gaining after four days of losses. Forex traders hope that the ECB’s buying of Spanish and Italian bonds will slow yield rises. Additionally, traders are optimistic as Mario Draghi urges eurozone countries to implement changes to the EFSF.

The Swiss franc had a small relief today, rising after four consecutive sessions of losses, but it’s unlikely that the currency could profit from worries about Europe.

The Great Britain strengthened a little yesterday as the retail sales rose last month, but the currency hasn’t been able to retain its upward momentum and currently moves without a clear direction.