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06 June -The Yapanese Yen(JPY)
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Old 06-06-2007, 10:52 AM
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Default 06 June -The Yapanese Yen(JPY)
Hi
06 June-The Yapanese Yen (JPY)gained against a broadly weaker USD but still suffered on the back of high yielding carry trades remaining prominent. The EURJPY reached a new record high of 164.62 on expectations the ECB will look to increase rate in their upcoming meeting. Overall the USDJPY traded with a range of a low 121.12 and a high of 121.94 before closing the day at 121.33 in the New York session.
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