Yen Moves Higher To Dollar, Stable To Euro Friday Morning
Friday, March 16, 2007 7:26:29 AM - The yen continued to see strength against the dollar while stabilizing against the euro Friday morning in New York. Official data released in the small hours of the morning indicated Japanese leading index revised up, while the coincident index was revised down in January.
The yen continued an advance from the previous session against the greenback Friday morning in New York. The yen climbed to 116.55 approaching mid-morning, up from an overnight level of around 117. Investors were nervously awaiting a slew of key US economic data including consumer prices and consumer sentiment.
The yen moved roughly sideways against the pound Friday morning in New York, trading a range between 227.25 and 227.60. On Thursday, BOE member Andrew Sentance, warned that Britons may have to slow spending to keep inflation under control in the near term.
The yen remained stable against the euro in New York’s early Friday dealing. After edging lower on Thursday to touch a 2-week low of 155.83 versus the euro, the yen firmed up a bit and moved roughly sideways around 155.45 Friday morning.