The yen rose against all world currencies during the Asian session today after shares in China recorded its biggest drop since 2009.
The Japanese currency reached a 3-month highs against the euro after three of the largest Chinese agent suspended activity. Euro notes serious decline this month against most currencies after the Swiss National Bank decided to remove the ceiling, as well as to lower interest rates to -0.75%. “The rise of the Japanese currency was provoked by the collapse of shares in China” shared by Credit Agricole SA.
The yen rose 0.3 percent to 117.11 per dollar and 0.3% compared to Friday’s session the euro to 135.54 yen per euro. The euro saw a slight change to the US dollar, after launching a gap of 18 pips, as trading at $ 1.1570 per euro, after January 16 fell to 1.1460, which is the lowest level since November 2003 onwards.
The single currency traded at 99.54 Swiss cents after scoring 17% decline last week. “The market is too risky now,” noted analysts at Nomura Bank. “For this week, investors will pay strong attention to the decisions by the BOJ for future policy in the country, which will be on Wednesday and the ECB meeting on Thursday”
Australian dollar recorded a slight decrease in early session today against the dollar and is trading at a price of $ 0.8199