Wednesday, December 12, 2012

Japanese exports to pay Palin into the abyss

Japanese exports to pay Palin into the abyss

The Japanese yen fell against the dollar to hit a low level is a new minimum seven months ago, and after that dropped Japanese exports for the fifth month in a row due to the decline in global demand as well as political tensions between China and Japan on the group of islands, as well as crisis deepens European which lose Japan a number of important markets for its exports.

The dollar rose against the Japanese yen to its highest level at 81.96 and after that opened today's session at the level of 81.72 pair is currently trading at the level of 81.87. As for the euro against the yen pair rose to the highest level in six months at 105.06 before coming back down to the 104.08 level currently trading at the level of 104.43.

 The euro fell to its lowest level since the beginning of the week against the dollar and after the failure of finance ministers from the euro to reach a firm decision on the crisis in Greece and pass the package her second, losing the euro momentum he received yesterday, its lowest level at 1.2735 after the pair recorded highest at 1.2821 currently trading at the 1.2756 level.

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