Currency Note Worldwide

Japanese Yen ends week on a high

By Smart Currency July 29th, 2013

Elsewhere, Friday saw the Japanese yen end a seesaw week on a high, as a drop in Asian stock market confidence boosted demand for the safe haven currency. The Australian, New Zealand and Canadian dollars all performed well as traders bet that the Federal Bank will not tighten monetary policy at its meeting this week. Tonight we will hear statements from the governors of both the Bank of Japan and the Bank of Canada and building approvals data from Australia which could well cause significant market movements in the market for the respective currencies. Other data this week includes business confidence figures from New Zealand, inflation data out of Australia and monthly GDP data out of Canada which is expected to show growth of 0.2% . Get in touch for the latest rates.