Yen, US dollar weaken

Story link: Yen, US dollar weaken

The Japanese yen continued its roller-coaster ride as it lost part of last week’s gains but analysts emphasized that the fact that some investors were again seeking out some risk, that did not mean that the currencies markets were returning to business as usual.

By midday trade in New York, the yen was down 0.4 percent against the US dollar and the euro, to ¥114.80 and ¥154.73 respectively, while it had dropped 0.5 percent to ¥227.60 versus sterling.

Meanwhile, both the New Zealand and Australian dollars had gained back some ground in relation to the yen, with the Australian dollar 0.5 percent higher to ¥91.70 versus the yen and the New Zealand dollar gaining 0.2 percent to ¥79.80.

Sterling added 0.2 percent to £0.6785 in relation to the euro, while the US dollar traded even against the shared currency at $1.2475 and dropped 0.2 percent to $1.9850 in relation to sterling.