Tuesday, June 16, 2009

Dollar / yen under pressure in the closing auction in London

Dollar / yen is kept above the level of 96.60 at the close of the trading in London. The dollar was under pressure from the sales. In addition, traders are mindful of the impact on the yen sales of emission rights SMFG, where about half of issuance for a total amount of 9 billion dollars is expected to be acquired by foreign players. Sales of $ 4 billion to buy yen undoubtedly correct the situation in the market, although the extent of total trades on a daily basis reach $ 1 trillion. This amount does not look too far.

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