Forex Daily

The Yen fell yesterday after market confidence increased in the U.S. economy. Many investors sold their shares on the Japanese stock exchange in favour of investing in the US as the US economy has been showing positive signs of growth over the last few days, largely due to increased consumer spending.

Many who feared the economic effects of swine flu and had invested in the Yen as a safe haven have also now started re-investing in the Euro and the Dollar after the swine flu virus has appeared to be less deadly than it was first suspected.

It is suspected that the Yen will improve next week after the US discloses the results of their stress tests regarding banks’ capital and economic decline.

This entry was posted on Friday, May 1st, 2009 at 5:10 pm and is filed under Forex News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.