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Dollar Slips to 7-week Low Against Yen

Bond In Investing Savings By Randy Chen

While the yen was trading strongly against the dollar on Thursday morning, the currency slipped in the afternoon.

Bond Investment Toledo Toledo (AXcess News) Hong Kong - The dollar hit a 7-week low against the Japanese Yen Monday in Tokyo after suffering its worst week against the Japanese currency in six years, fueled by Japanese investors looking to buy into the Yen before the year's end.

As we have been noticed since the beginning of this week and especially regarding the last trading day, the US dollar began its correction process against the Japanese yen.

James Bond Trading Card Huge short positions were being covered in so-called "carry trades" - borrowing yen and selling it for higher-yielding currencies - caused the dollar to fall 4.25% against the yen over the last week. Carry trades forced theNew Zealanddollar to fall even further, hitting a 6% decline against the Japanese currency.

(EUNN) week high, the Euro declined in London yesterday in late trading against the dollar. The eurodeclined to$1.2076 dollars after trading at $1.2104 late Tuesday in New York and after hitting $1.2136 dollars. The dollaralso rose againstthe Japaneseyento 115.83 yen compared to 115.01 yen Tuesday. The euro was changing hands at $1.2076 dollars against $1.2104 late on Tuesday in New York, 139.91 yen (139.25), 0.6798 pounds (0.6783) and 1.5479 Swiss francs (1.5454). The dollar stood at 115.83 yen (115.01) and 1.2815 Swiss francs (1.2766). Meanwhile, European stock exchanges edged higher yesterday. The London FTSE 100 index added 0.88 percent to end the day at 5, 227.8, while in Paris the CAC 40 rose 0.36 percent to 4, 412.70.

Bond In Investing Stock Today in Tokyo, currency traders thought the yen may have run its course against other currencies and didn't expect any further massive buying.

Today is also expected to be devoid of data so we should see the EUR continue range trading on it's heights and will heavily depend on the volatility of the equity markets. JPY Yesterday, the Japanese currency dropped against all 16 major currencies after the Fed rate cut fueled a rally in U.S. stocks, spurring investors to buy riskier assets funded by borrowed yen. The dollar pared some of its early gains against the yen to trade at 115.90 yens per one USD.

Municipal Bonds Investment On Friday, trade data showed thatshort tradeshad record bets on a further drop in yen futures before the Japanese currency's big turnaround, with net shorts in the International Monetary Market at 72,063 in the week ending Dec. 13.

Shoppers from overseas were reveling in exchange rates that made discounts even deeper. The dollar hit record lows against the euro Friday and reached their lowest point in 12 years against the yen. "Everything is half price for us, " Ashlee Clifford said, smiling, as she shopped at a Circuit City in Manhattan. Clifford lives in Northern Ireland. until she arrived in New York.

Bond Terms Trading With Japan's interest rate near zero many investors have looked to foreign currency and bonds to find higher returns while the Bank of Japan is expected to keep rates low, potentially prolonging sell pressure on the yen.

Bond Debt High In Inside With the EU agreeing to a long-term budget the euro also rose slightly against the dollar, trading at $1.202, after reaching a high of $1.204.

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