The dollar against the yen fell to 123,13 yen per dollar with is 123.17 yen per dollar at the previous closing. The Minister also said Monday it has reached 123,61 yen, the highest level since August 20.
MOSCOW, 10 Nov. The dollar declines against the Japanese currency within the correction after rising yesterday to its highest level in the last 2.5 months, according to AFP.
As of 07.00 GMT the dollar against the yen fell to 123,13 yen per dollar with is 123.17 yen per dollar at the previous closing. The Minister also said Monday it has reached 123,61 yen, the highest level since August 20. The Euro-dollar exchange rate decreased to 1,0749 1,0752 of the dollar from the dollar to the Euro. The dollar index (the dollar against a basket of currencies of six major U.S. trading partners) grew by 0.05%, to 99,04 points.
Market participants expect the three representatives of the fed — head of the regulator Janet Yellen, Vice Chairman Stanley Fischer and the head of the Federal reserve Bank (FRB) of new York William Dudley. They will be performing on Thursday, and investors hope to hear from them more details on the expected base rate increase.
In addition, on Friday will be released data on retail sales in the country for October. According to analysts, this indicator rose 0.3% after increasing 0.1% the previous month. If the forecasts are correct, coupled with good statistics on the labor market expectations of monetary policy tightening in the US may grow and lead to the growth of the American currency.
“The markets took a pause to take stock and lock in profits from the dollar’s growth”, — quotes Agency France Presse senior market analyst of Western Union Manimbo Joe (Joe Manimbo).