Home » » Yen Surges Past 95 Per Dollar to 2-Month High on Japan Flow Data

Yen Surges Past 95 Per Dollar to 2-Month High on Japan Flow Data

Written By Kontak Perkasa Futures on Thursday, June 13, 2013 | 10:44 AM



Bloomberg(13/6) -- The yen surged, jumping to the strongest level in two months against the dollar, after government data showed Japanese investors were net sellers of overseas bonds and stocks for a fourth-straight week.

The greenback’s volatility against the Japanese currency jumped to the highest in more than two years before U.S. economic data that may provide more direction about when the Federal Reserve will begin to slow stimulus. The yen has now unwound all its losses since the Bank of Japan announced unprecedented monetary stimulus on April 4. New Zealand’s dollar dropped against all of its major peers after the central bank signaled the currency remains overvalued.

The yen surged 1.3 percent to 94.75 per dollar as of 11:28 a.m. in Tokyo after climbing to 94.45, the strongest since April 4. Its 4.2 percent, three-day advance is set to be the biggest since May 2010. The currency pair’s one-month implied volatility touched 17.1 percent, a level unseen since March 2011. The yen gained 1.2 percent to 126.59 per euro.
Written by: Kontak Perkasa Futures
PT.Kontak Perkasa Futures, Updated at: 10:44 AM
Share this article :

Post a Comment

 
Copyright © 2011. PT.Kontak perkasa Futures Yogyakarta All Rights Reserved
Disclaimer : Semua Market Reviews atau News di blog ini hanya sebagai pendukung analisa,
keputusan transaksi atau pengambilan harga sepenuhnya ditentukan oleh nasabah sendiri.
Template Created by Creating Website Published by Mas Template
Proudly powered by Blogger