BNP Paribas Securities: reducing volatility has led to a drop in the yen

For the first time in four days, fell against the yen euro because the reduction of volatility in currency markets has reduced the risk of losses on speculative transactions. Japanese yen fell against the Brazilian real and the Australian dollar against the backdrop of growth stocks, which did not stop even then, that increasing the initial applications for unemployment benefits in the United States last week has exceeded projections. According to currency strategists BNP Paribas Securities, the fact that the market did not react to negative news, is a clear signal that not too many people wished to retain exclusive bearish mood. This is a positive signal for risk. Today on the stock exchange in New York, the euro rose 0.5 percent to 130.21 yen per euro, compared with 129.61 on Wednesday. The dollar rose by 0.5 per cent from 95.30 to 95.74 yen to the dollar. Rate euro / dollar little changed and remained in the area of $ 1.3600.