The dollar rose against a swath of currencies on Friday, rocketing to 4 1/2-year high against Japan's yen.» Read More
The euro suffered its biggest daily decline against the dollar in nearly a year on Wednesday, weakened by talk of a euro zone interest rate cut.
The yen tumbled against the dollar and euro Tuesday, reversing the previous session's sharp gains as investor anxiety triggered by a record plunge in gold prices eased.
Mitul Kotecha, Head of Global FX Strategy at Credit Agricole Corporate and Investment Banking says the USD/JPY will eventually break through the 100 level in the not too distant future.
The yen rose from recent multi-year lows against the dollar and euro on Monday amid renewed worries about the global economy.
The dollar declined from a four-year peak against the yen Friday after a fall in U.S. retail sales reinforced expectations the Fed will keep its monetary policy loose.
Tom Averill, Managing Director at Rochford Capital says he sees more weakness for the yen. He expects it to hit 1.05 in a few months and recommends shorting the yen against the kiwi dollar.
SYDNEY, April 12- The dollar stayed within spitting distance of 100 yen in Asia on Friday as dips were met with buying interest, putting dollar/yen on track for a second week of gains and the biggest two-week rise in four years.
The dollar rose to another four-year high against the yen on Thursday, closing in on the key 100 yen level.
The dollar rose to a four-year high against the yen on Wednesday, edging closer to the key 100-yen mark after release of the U.S. Federal Reserve's March meeting minutes.
The dollar edged down from a near four-year high against the yen on Tuesday as traders booked profits on its sharp rally, but the yen's weakening trend remained intact.
The yen plummeted to its lowest against the dollar in nearly four years and reached a three-year trough versus the euro on Monday after the Bank of Japan kicked off its aggressive monetary easing program in an attempt to beat persistent deflation.
The U.S. dollar weakened against most major currencies on Friday, hitting nearly two-week lows against the euro, as weaker-than-expected jobs data raised concerns that the pace of recovery in the American labor market has slowed.
The dollar and euro made their largest percentage gains against the yen since late 2008 after the Bank of Japan surprised the markets with an ambitious plan to fight deflation in a radical overhaul of policy.
The dollar fell across the board on Wednesday after a report showed the US private sector created fewer jobs than expected last month, raising concerns that recovery has stalled.
The dollar rallied from one-month lows against the yen on Tuesday, benefiting from a rally in U.S. stocks and investor caution ahead of a Bank of Japan meeting this week.
The dollar fell to a nearly four-week low against the yen on Monday as softer-than-expected US manufacturing data suggested the economy may have run out of steam at the end of the first quarter.
The euro hovered near four-month lows against the dollar on Friday, beset by political deadlock in Italy and worries huge losses Cypriot depositors have been forced to stomach.
The euro rebounded from a recent four-month low against the dollar on Thursday, a trend analysts see as tenuous because investors continue to fret about the Cyprus crisis.
The euro fell to a four-month low against the dollar on Wednesday, suffering from growing conviction that Cyprus's rescue will prove a template for future euro zone bailouts.
The euro hovered near a four-month low as mixed messages from European officials kept fears alive that Cyprus' decision to tax large bank depositors would set a bad precedent.