The dollar strengthened towards 100 yen on Monday and shares rose after the G20 accepted Japan’s bold stimulus policies, helping to counter the gloom over the global growth outlook. In a communiqué after a two-day meeting, the G20 said it would be “mindful” of possible side effects from extended periods […]
Tag: Japanese Yen
World Total FOREX Holdings Hits 10.9 Trillion from 1995 to 2012
Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-World Total Foreign Exchange Holdings has hit N10.9 trillion from 1995 to 2012 according to data obtained from the International Monetary Fund (IMF) Statistics Department Currency Composition of Official Foreign Exchange Reserves (COFER) and International Financial Statistics (IFS). According to the IMF, the statistics last updated […]
U.S. dollar trades above 86 yen, first time since August 2010
The U.S. dollar traded above 86 yen on Thursday for the first time since August 2010 on expectations that Japan’s new prime minister would push for policies to weaken the Japanese currency. Traders also cited option barriers being breached at the 86 yen level. The dollar rose as high as […]
