Both the U.S. dollar and the Japanese yen continued their growth on the Forex market today as the yesterdays stock trading sessions were negative and todays Asian session ended in the red zone.
The dollar rose against the euro for the third day today and declined against the yen for the second one as the Japanese currency still remains the unquestionable leader on the global Forex market.The bad fundamental reports coming out of the Eurozone and U.K. today werent the last reasons for the current strength of the «safe haven» currencies.
The dollar is performing better than everything else except the Japanese yen and the reason lies in the elevated risk levels — believe the currency analysts. The greatest challenge for other currencies and the stock markets still lies ahead — the month May will be deciding for the current state of affairs on the global financial markets. If stocks fail, the yen and the dollar automatically gain a strong advantage against everything else.
USD/JPY fell from 100.52 to 99.75 as of 11:21 GMT today. EUR/JPY declined from 133.35 to 130.94; GBP/JPY went down from 148.15 to 145.70. EUR/USD dropped from 1.3267 to 1.3214, while GBP/USD fell from 1.4735 to 1.4688 today.
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