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16 June-The Japanese Yen (JPY)
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Old 06-15-2007, 06:53 AM
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Post 16 June-The Japanese Yen (JPY)

Hi
16 June-The Japanese Yen (JPY) saw the USD reach fresh 4.5 year highs for the second successive session breaking key levels of 123.00. Overall, the USDJPY traded with a low of 122.55 and high of 123.14 before closing the day at 122.95 in the New York session. Looking ahead, The Bank of Japan is widely seen keeping rates at 0.5 percent on Friday, but with expectations running high for a rate hike in August, investors will closely watch the post-meeting news conference by BoJ Governor Toshihiko Fukui
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