Yen falls on US Government bailout |
|
The Yen dropped sharply on Monday after the US government announced that they were taking control of mortgage companies Fannie Mae and Freddie Mac. The takeover of the two largest mortgage financiers has caused investors to take loans in Yen and buy higher yielding assets. The Japanese currency fell by the most in 6 months against the ‘Kiwi’ and the ‘Aussi’ as speculators bet that global stock markets would rally on the US news. Meanwhile in London Cable was slightly off the lowest level since
Filed under: Technical
Latest Posts
- Sentiment remains EUR/USD supportive
- Czech bond yields at all time lows
- EUR/GBP, USD/CAD, GBP/JPY Technicals
- US: Initial claims continued to trend down last week
- long nzdusd
- EUR/USD Strategy: SHORT 1 at 1.3175, Obj: 1.2375, Stop: 1.3015
- Eurodollar Future – December 2010
- Strategy for today: Short USD/JPY and USD/CHF
- Traders Await US Jobs Data
- The correction yesterday started in the European session
- Forex Technical Analysis on Majors
- Technical Summary for Majors
- Market Comment
- Daily Forex Overview
- USDJPY low trading range continues