Absence of bad news sending the Yen low

The rose of US Dollar against the Japanese Yen in Tokyo trade today, as in the Japan, and the Japanese importers pension fund operators, purchased the greenback strong. As reported at 3: 04 p.m. (JST) in Tokyo, the Dollar was trading against the Yen to 84.04 yen, up from 83.59 Yen in New York trading late Tuesday. Beginning of the session, the Dollar had slipped close to the moving average of 200-83.50 Yen.

The Euro was also higher against the Yen, commerce to 121.67 Yen trading EBS platform, trade 120.98 Yen late in New York yesterday.The Japanese Yen was sent soaring in the trade of yesterday as investors refuge pushed the currency higher than announced by the Industrial Security Agency and nuclear Japan they had raised the rating of the threat of the accident of Fukushima nuclear power at a level equivalent to that of Chernobyl.

Absence of bad news today, in General, apparently is the engine of higher risk appetite, sending that Yen lower once again. Most analysts agree that the USD/JPY will test the upside in the short term. Later today, focus should move to the United States where data on retail sales should be published; more on in the world, day to day of the US Federal Reserve Beige Book also emerge, providing an indication in the backstage of the direction of the US economy.

The U.S. Dollar Index, a gauge of the value of the greenback against major international currencies, has been recently 79.906.DXY, the 74.863.DXY place.

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