Works Pros - The U.S. dollar rose against the yen on Monday amid growing speculation that the Japanese authorities would intervene again in the global currency market to curb yen gains.
During the European morning trade, the dollar rose against the Yen, with USD / JPY down 0.20% to 76.69.
It was likely to find the pair support at the lowest price on Friday and has a historic low 75.94, and resistance at the highest price for the day August 9 / August 77.85.
The Deputy Minister of Finance for International Affairs of Japan (Takehiko Nakao) said on Friday that the yen gains do not reflect economic fundamentals, adding that there is "an element of speculation" and behind it.
The pay offer and stay in the yen gains and Japanese Finance Minister (Yoshihiko Noda) to raise the degree of verbal warnings to the market, and said he would "monitor the markets more closely than ever before to see if there was any speculative activity."
He (Noda) that the Japanese authorities "will not rule out any action and will take decisive action when necessary", sparking speculation that the country is close to intervene to curb yen gains.
Japanese authorities intervened to weaken the yen on August 4 / August in a bid to protect the Japanese economy is based largely on exports.
The greenback also rose against the Swiss franc, with the rise of the dollar / franc by 0.14% to 0.7864.
Elsewhere, the dollar fell slightly against the euro, with EUR / USD by 0.05% to 1.4401.
He said German Finance Minister Wolfgang Schäuble in a radio interview earlier in the euro currency remains stable and that the market is still confidence in the single currency.
The dollar also fell against the pound, with Arrtvaa GBP / USD slowly and by 0.09% to 1.6481.
At the same time, the lower the dollar against its Canadian and New Zealand and Australia, with the decline in USD / CAD by 0.31% to 0.9865 and the rise of both AUD / USD by 0.21% to 1.0425 and NZD / USD by 0.44% to 0.8216.
The dollar index, which measures the performance of the greenback against a basket of six other major currencies, rose 0.03% to up to 74.02.
Later today, the United States will issue a report on the mortgage.
During the European morning trade, the dollar rose against the Yen, with USD / JPY down 0.20% to 76.69.
It was likely to find the pair support at the lowest price on Friday and has a historic low 75.94, and resistance at the highest price for the day August 9 / August 77.85.
The Deputy Minister of Finance for International Affairs of Japan (Takehiko Nakao) said on Friday that the yen gains do not reflect economic fundamentals, adding that there is "an element of speculation" and behind it.
The pay offer and stay in the yen gains and Japanese Finance Minister (Yoshihiko Noda) to raise the degree of verbal warnings to the market, and said he would "monitor the markets more closely than ever before to see if there was any speculative activity."
He (Noda) that the Japanese authorities "will not rule out any action and will take decisive action when necessary", sparking speculation that the country is close to intervene to curb yen gains.
Japanese authorities intervened to weaken the yen on August 4 / August in a bid to protect the Japanese economy is based largely on exports.
The greenback also rose against the Swiss franc, with the rise of the dollar / franc by 0.14% to 0.7864.
Elsewhere, the dollar fell slightly against the euro, with EUR / USD by 0.05% to 1.4401.
He said German Finance Minister Wolfgang Schäuble in a radio interview earlier in the euro currency remains stable and that the market is still confidence in the single currency.
The dollar also fell against the pound, with Arrtvaa GBP / USD slowly and by 0.09% to 1.6481.
At the same time, the lower the dollar against its Canadian and New Zealand and Australia, with the decline in USD / CAD by 0.31% to 0.9865 and the rise of both AUD / USD by 0.21% to 1.0425 and NZD / USD by 0.44% to 0.8216.
The dollar index, which measures the performance of the greenback against a basket of six other major currencies, rose 0.03% to up to 74.02.
Later today, the United States will issue a report on the mortgage.
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