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Recent News:
  • Fri, May 10 05:00 AM  Crude oil futures drop as dollar's strength grows:  The emboldened U.S. dollar pulled down West Texas Intermediate crude oil futures on Friday, as the world's reserve currency pushed to its top level in more than 14 days, according to Bloomberg.  Read more.    Fri, May 10 04:33 AM  Loonie dives after release of weak labor report:  The Canadian dollar on Friday dropped to its week-low against the U.S. dollar after the nation released underwhelming job-creation data, Bloomberg reports.  Read more.    Fri, May 10 02:17 AM  Aussie's losses increasingly causing concern:  Friday saw the Australian dollar dive toward parity with the world's reserve currency for the first time since the beginning of the second half of last year as concerns about Australia's economy were gaining momentum, according to Bloomberg.  Read more.    Fri, May 10 05:00 AM  Crude oil futures drop as dollar's strength grows:  The emboldened U.S. dollar pulled down West Texas Intermediate crude oil futures on Friday, as the world's reserve currency pushed to its top level in more than 14 days, according to Bloomberg.  Read more.    Fri, May 10 04:33 AM  Loonie dives after release of weak labor report:  The Canadian dollar on Friday dropped to its week-low against the U.S. dollar after the nation released underwhelming job-creation data, Bloomberg reports.  Read more.    Fri, May 10 02:17 AM  Aussie's losses increasingly causing concern:  Friday saw the Australian dollar dive toward parity with the world's reserve currency for the first time since the beginning of the second half of last year as concerns about Australia's economy were gaining momentum, according to Bloomberg.  Read more.    Fri, May 10 05:00 AM  Crude oil futures drop as dollar's strength grows:  The emboldened U.S. dollar pulled down West Texas Intermediate crude oil futures on Friday, as the world's reserve currency pushed to its top level in more than 14 days, according to Bloomberg.  Read more.    Fri, May 10 04:33 AM  Loonie dives after release of weak labor report:  The Canadian dollar on Friday dropped to its week-low against the U.S. dollar after the nation released underwhelming job-creation data, Bloomberg reports.  Read more.    Fri, May 10 02:17 AM  Aussie's losses increasingly causing concern:  Friday saw the Australian dollar dive toward parity with the world's reserve currency for the first time since the beginning of the second half of last year as concerns about Australia's economy were gaining momentum, according to Bloomberg.  Read more.   
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Yen climbs against counterpart currencies

Apr 09, 2012 10:27 AM

Monday saw the yen of Japan advance against its rival currencies, pushed by economic data demonstrating the East Asian nation continued a current-account surplus, according to Bloomberg.

Regional tensions also proved to be beneficial for the yen as North Korea launched a rocket, which underscored the monetary unit's value as a storage haven. The U.S. probably saw a inflation slip, which tugs the value of the U.S. dollar while the top economy of the embattled euro zone returned tepid economic results.

"The European economy is weak," analyst Kumiko Gervaise with an arm of Japan's largest online currency margin-trading company Gaitame.com Research Institute told Bloomberg. "The German economy is getting weaker than before. Bad data from Germany may contribute to euro weakness."

The yen had its top performance against the 17- nation common currency since March 7.

The Pacific Rim nation's 1.1778 trillion yen surplus during February fell 30.7 percent as compared to February 2011, data released by the Japanese Finance Ministry indicates, according to Reuters. Japan's economy, third-largest in the world behind second-place China and the top-ranking system of the U.S., is bouncing back as external demand forecasts its recovery.

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