Yen Strong To GBP Helped By British Data, Uncertain To Others Largely; During Small Monday Deals
Monday, February 05, 2007 5:33:57 AM - Losses during the very early deals of New York Monday made yen hit its session’s low around 2:00 am ET. However, after that, Japanese currency made some advances across the board but has been ticking down to many of them of late. As the British data came out at 4:30 am weakened the GBP generally, against that currency, yen is maintaining its strength. To the other majors, JPY has been uncertain through the recent session, largely.
Against the Japanese currency, US dollar traded sideways during much of late deals of Sunday but it edged higher into the small morning Monday. At 1:50 am ET, pair collected its session’s high at 120.90 and after that, it dropped off. After an hour, USD equaled 120.52 JPY and after that, pair advanced briefly. As of 5:30 am ET, USD versus JPY collected 120.78.
To the European currency, yen moved in a tight range around midnight but edged higher into the small Monday deals in New York. At 2:05 am from the session’s high of 156.50, pair came down to an uncertainty. Of late from a recent low of 156.17, pair is ticking higher and collected 156.27 as of 5:30 am ET. Around midnight Sunday and into the small Monday New York trading, GBP/JPY showed uncertainty but has weakened lately. Against an early morning high of 237.41 set at 2:00 am, pair collected 236.52 as of 5:30 am ET. Latest deals came amid British data including services PMI data for January. This is a 4-day high for the Japanese currency against its British counterpart.
Small Monday slight advances of GBP/CHF made the pair hit its session’s high at 96.75 by about 2:05 am ET. After that, however, pair dropped off and was worth as low as 96.53 at 4:35 am. Yen then shed a few pips and pair quoted 96.64 as of 5:30 am ET.