The Great Britain pound fell today against the Japanese yen to the lowest level in a month as UK house prices declined in December, reinforcing fears of the economic crisis in Britain. The currency rose slightly versus the US dollar.

Euro is fluctuating between gains and losses against the US dollar today in forex trading. The 17-nation European currency is looking for direction as forex traders prepare to close out positions as the year draws to a close.

Japanese yen is leading the majors today as trading thins out during the second-to-last trading day of the year. In an interesting turn of events, equities have decoupled from their normal association with high beta currencies as the euro and the pound lose ground against the yen. US dollar is also down against the yen.

Greenback is mostly weaker today, thanks to a bit of optimism in the markets. Consumer confidence data has provided a degree of optimism for Forex traders, and that means the dollar isn’t needed as a safe haven.

Most Western stock markets may be closed today, but Forex trading is happening nonetheless. Trading is relatively thin, though. Right now the euro is gaining against the US dollar on expectations of an economic recovery for the United States, and possibly the world.

The Great Britain pound fell against the Japanese yen and erased its gains versus the US dollar today after the report showed that the banks approved less home loans in November than in the month before.

The Great Britain pound advanced today after the economic reports showed that the nation’s economy grew and the business investment expanded last quarter. The gains were limited as the trade balance and current account deficits widened.

The Great Britain pound advanced despite the consumer sentiment report was negative today. On the other hand, yesterday’s report showed positive developments, making traders confused. The explanation of the difference could be that one report is for December and another is for November.

Japanese yen is falling today, heading lower on the news that the government is prepared to increase its intervention in the currency market. The Ministry of Finance is hoping for an extra 30 trillion yen for use in currency intervention operations.

Euro is tanking today, moving below the psychologically important 1.30 level as funding pressures continue for some eurozone countries. Italian and Spanish debts are more expensive, and European Union leaders are still struggling with a solution that will improve the current situation, as well as prevent future crises.