Thursday, April 30, 2009

Yen falls in early trading session on Friday

Yen fell to two-week minimum against euro, has also passed a position against the dollar against the backdrop of expectations that today's report on business activity in the U.S. manufacturing sector reflect some stabilization of the situation. Increased optimism about the largest economy in the world has led to a surge of interest in risky assets. In addition, Japan has published data on the consumer price index, which in March passed in the negative zone, which also increased the pressure on the yen. Meanwhile, Barack Obama stated that the United States and Canada reached agreement on financial support avtogiganta Chrysler, declared bankruptcy. "The market welcomed the news of the bankruptcy of the company, in the hope of its revival in the renovated and restructured form", - analysts said Credit Suisse. "The published data now indicate that consumer spending in Japan for some time will be under pressure, which entails selling the yen.

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