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HISTORICAL DETAILS
% Change
1 Wk -0.39%
1 Month -1.72%
3 Months -3.72%
6 Months -5.04%
1 Year -9.92%
52 WEEK
High 88.12
Low 76.25
BLOOMBERG MEDIAN FORECASTS
Q2 2011 83.00
Q3 2011 83.00
Q4 2011 85.00
Q1 2012 86.50
DAILY DETAIL
This afternoon the Japanese yen is trading stronger against the US dollar at 78.8181 as investors move to the safe-haven currency. Poor Chinese manufacturing data which showed that manufacturing activity in China contracted for the first time in a year in July showed that the world’s second largest economy was slowing, helping to strengthen the yen. The developments of the European debt crisis and an impasse on US debt ceiling talks are further helping to strengthen the yen today. With an emergency meeting between European leaders having commenced this afternoon, markets will pay close attention to the outcome, as leaders have warned that an inability to reach a solution today could send shockwaves through the global economy. Trading in the pair could see some more volatility as the US will release leading indicators and Philadelphia Fed manufacturing data later this afternoon. Ben Bernanke’s testimony could also provide some volatility in trading. Jana Pristovsek, London
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