USD/JPY Performance Chart as at 3:30 a.m. Singapore time, 26/04/11

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HISTORICAL DETAILS 

% Change

1 Wk -2.06%

1 Month 1.00%

3 Months -0.96%

6 Months 0.55%

1 Year -12.27%

 

52 WEEK

High 94.99

Low 76.25

 

BLOOMBERG MEDIAN FORECASTS

Q2 2011 85.00

Q3 2011 86.00

Q4 2011 88.00

Q1 2011 90.00

 

DAILY DETAIL

In thin trade due to Easter holidays in the UK and much of Europe, Japanese importer bids for dollars were enough to boost the US currency against the yen. The dollar rose 0.4% against the yen to ¥82.22, supported by dollar-buying by Japanese importers and as traders took aim at stop-loss dollar buying orders said to be lurking near ¥82.50. Traders also said dollar selling by Japanese exporters had been limited since last month's earthquake as supply chain disruptions were making it difficult to export their products. In other news, Japanese automakers said on Monday their production in March fell more than 50% from a year earlier, with Toyota Motor (the world's largest carmaker) reporting a 62.7% drop in output. [4] Paolo Palazzi-Xirinachs, Chicago

 

Notes: Source: [1] Reuters (25 April 2011), [2] Bloomberg UK (25 April 2011), [3] Syndey Morning Herald (25 April 2011), [4] Wall Street Journal (25 April 2011). Chart data supplied by Bloomberg.