Yen Exchange Rate Watch

[jeffsmith]

Short position in Yen it is going down. Sell Yen and book profits.

 

[Lesbian_Behkan_]

Sg doLlars weaK agnst yeN now~~~~~

 

[Junpei]

9.42am update.

1000 yen = SG$16.5000

Hit the new record again......

 

[Lesbian_Behkan_]

HongganZ riaos~~~supeR jialatz!

 

[stars87]

yen is tied closely to US dollar.

maybe this explains the yen rapid rise in this past 3 days

ingapore dollar falls to new multi-week lows against US and Hong Kong dollars


(RTTNews) - During early deals on Thursday, the Singapore dollar declined to new multi-week lows against its US and Hong Kong counterparts. On the other hand, the Singapore currency recovered from a 3-day low against the euro.

Against its US counterpart, the Singapore dollar showed weakness during Thursday's early trading. At 1:15 am ET, the Singapore currency declined to a new multi-week low of 1.4850 against the US dollar, compared to 1.4723 hit late New York Wednesday. If the Singapore dollar falls further, 1.4977 is seen as the next target level.

The Singapore dollar traded down against the European currency during Thursday's early deals. The Singapore currency that closed Wednesday's North American session at 2.0079 against the euro declined to a 3-day low of 2.0277 at 2:00 am ET. Thereafter, the local currency reversed its direction and is currently quoted at 2.0104 against the euro.

German exports declined at a faster pace of 10.6% month-on-month in November after falling only 0.6% in October, the Federal Statistical Office reported Thursday. Compared to the previous year, exports slumped 11.8% following an increase of 1.3% in the preceding month.

During early deals on Thursday, the Singapore dollar edged down against its Hong Kong counterpart. At 1:10 am ET, the pair declined to 5.2232, compared to 5.2679 hit late New York Wednesday. This set the lowest point for the pair since December 15, 2008. The next downside target level for the Singapore currency is seen around 5.1753.

The Singapore dollar gained ground against the British pound after hitting a low of 2.2397 at 2:00 am ET Thursday. The Singapore currency that closed Wednesday's New York deals at 2.2222 against the pound is now worth 2.2233.

The European Commission is expected to release results of the business and consumer confidence survey for December. The consumer confidence indicator is forecast to fall to minus 26 from minus 25. The economic confidence indicator is anticipated to decline to 71.8 from 74.9.

German factory orders data for November is slated to release from the Federal Ministry of Economics and Technology. Economists forecast a monthly fall of 1.9% and an annual decline of 20.1%.

The Bank of England is expected to announce its monetary policy decision at 7.00am ET. The central bank is widely expected to cut its benchmark interest rate by 50 basis points to 1.5%.

Across the Atlantic, the US weekly jobless claims report is due in the New York morning. The Federal Reserve is expected to release its monthly consumer credit report at 3 pm ET. Consumer credit for November is likely to show an increase of $0.5 billion. In October, consumer credit fell by $3.6 billion or 1.6% to $2.58 trillion, with revolving and non-revolving credit declining by $0.2 billion and $3.4 billion, respectively.

 

[jeffsmith]

There can be a rise in Yen. The Asian market is recovering little bit we can see improvement in the shares also. The Asian market's are getting recovering slowly.

 

[vaxvms]

stcok up 1 day die 4 staright days.....haiZzzzzzz next wk better waKE UP the market

 

[Junpei]

16.fricking6 sianz. how much higher can it go? man.. *sigh*

i'm afraid it will go up to SG$17 = 1000 yen so after obama in the white house and make some boost to the USA market i think the yen will lower down.

 

[Lesbian_Behkan_]

StucK at 60 yeN to one danG dollar~~~

 

[dreamer75]

16.fricking6 sianz. how much higher can it go? man.. *sigh*

when are u departing?

 

[dreamer75]

departing mar 22. hopefully by then can drop to a more tolerable 15+. sianz loh. last mar when i go i tink it's like 14 lidat only loh.. T___________T

change bit by bit lor.....bot air tix liao then dun regret

 

[vaxvms]

departing mar 22. hopefully by then can drop to a more tolerable 15+. sianz loh. last mar when i go i tink it's like 14 lidat only loh.. T___________T

me feb 08 chg 1.28 nia
lucki is i go long trip last yr not this yr else

 

[vaxvms]

change bit by bit lor.....bot air tix liao then dun regret

ya...cfm trip liao must look forward to the trip
counting down now

 

[vaxvms]

haha when's ur trip?

3 wk to go

 

[moonytai]

die lah.. i goin on next fri.. how... i only change 1k with its @ 16.18.. i still gt 3k more.. argh!! shld have change it when its 15.83.. argh!!!

 

[jeffsmith]

If it goes up it is good for traders who are having a buy open position. And if it goes down it will be good for traders having sell open position.

 

[vaxvms]

stop seeing it for 1 wk maybe will fall lah haha
have to chg mean have to chg....shoot up 2.00 also LL

 

[yun10]

think it wont come down as long as the US stock market doesnt recover..

 

[Lesbian_Behkan_]

I see On YahOO financE now ish 59.961 yeN leh to one SG dollaR~