The Dow dropped 88 points today which weighed on some but not all of the Japanese Yen crosses. The US dollar, British pound and Swiss Franc weakened against the Yen but the Euro, Australian, New Zealand and Canadian dollars strengthened. This divergent performance indicates relative fundamentals rather than risk appetite are the primary driver of market fluctuations. There are no major Japanese economic reports this week.
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advertisementYen Crosses Mixed Despite Drop in the DowMonday, 05 May 2008 21:37:40 GMT |