Japanese yen near two month high vs. dollar amid risk - TopicsExpress

Japanese yen near two month high vs. dollar amid risk aversion . . . . . . . . . . . . . . Japanese yen was near a two month high versus American dollar amid the current political instability prompted demand for safe currency. Moreover, Japanese yen traded in safe area during today’s Asian session amid the risk aversion, where demand boosted on the yen as a safe-haven currency. The USD/JPY pair fell to record low of 101.516 from high of 101.578, where the pair started today’s session at 101.533. EUR/JPY pair traded in a narrow range today, where the pair recorded its highest point at 139.193 after starting from 139.129, where the pair recorded low of 139.103. Moreover, Japanese yen showed positive performance against currencies after today’s more-than-estimated incline in Japan’s Machine orders for March, which boosted the currency’s outlook. Form another side, Euro slightly slid against the US dollar today as the EUR/USD pair recorded low of 1.36976 from 1.37016, where the pair recorded high of 1.37041. #egyptyard

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