The Yen is moving off session lows as stocks in the US trimmed losses and also supported by a report from Nikkei saying that the US is open for a currency intervention from Japanese authorities, which according to the report would sell the yen as needed. USD/JPY extended its recovery from 76.28 and rose back above 77.00.
Greenback reached 77.27 and at the moment is trading around 77.14/18, near the same price level it had at the beginning of the week.
The Yen with the Swiss Fran are among the best performs of the day amid risk aversion. Market sentiment changed its bias considerably after a weak economic report in the US.
Stocks in Wall Street are lower. The Dow Jones is falling 0.76% and the Nasdaq is down 1.28%. In Europe main indexes finished with important losses: FTSE 100 -0.70%, DAX -2.85% and the CAC 40 -2.30%.
Greenback reached 77.27 and at the moment is trading around 77.14/18, near the same price level it had at the beginning of the week.
The Yen with the Swiss Fran are among the best performs of the day amid risk aversion. Market sentiment changed its bias considerably after a weak economic report in the US.
Stocks in Wall Street are lower. The Dow Jones is falling 0.76% and the Nasdaq is down 1.28%. In Europe main indexes finished with important losses: FTSE 100 -0.70%, DAX -2.85% and the CAC 40 -2.30%.
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