NZD

In early Asian deals on Thursday the Japanese unit appreciated across the board on weakness in most Asian stocks that prompted traders to seek for safe-haven currencies, like dollar and yen. The yen thus jumped to a 15-day high against its US and Canadian rivals, 1-week high against New Zealand dollar and a 2-day high against Australian dollar.

Early in Asia Wednesday, the Japanese unit that edged lower after the Bank of Japan released its quarterly Tankan survey report at 7:50 pm ET reversed direction shortly. The yen thus moved off slightly from a 2-month low against the euro and multi-day lows against the aussie, the kiwi and the franc.

In early Asian session on Wednesday the greenback revealed weakness, extending its yesterday's drop as the Fed held rates steady and hinted at the possibility of further quantitative easing if needed to support the economic recovery.

In early European deals on Friday, the Japanese unit slumped across the board on speculation Japan may intervene again in the forex market to weaken the national currency further. The yen thus plummeted to a fresh 4-month low against the aussie, 2-day low against the kiwi and new multi-week lows against the euro, pound and the Canadian dollar. On the other hand, the yen showed choppy trading against the US dollar and Swiss franc today.

Thursday in early European trading the 16-nation currency advanced versus its key counterparts as a report showed that the euro zone posted a larger-than-expected trade surplus in July. The euro climbed to near a 2-week high against the Canadian dollar, 5-week high against the greenback and the yen, 10-day high against the franc, 15-day high against the NZ dollar and a 9-day high against the Aussie.

The Japanese unit revealed firmness in early Asian session today after slumping Wednesday as Japanese authorities have intervened in the currency market for the first time since early 2004 to delay the yen's rise.

In the equity front, the Japanese shares opened higher today. The benchmark Nikkei 225 index is currently trading at 9,544.81 - up 28.25 points or 0.3% over its previous close.

The Japanese unit plummeted across the board in early Asian deals on Wednesday as Japan intervened in the currency market for the first time since early 2004 to stem the yen's surge against the dollar that threatens a fragile economic recovery.

Central banks intervened in the foreign exchange market when they buy or sell currencies to influence exchange rates.

Monday, in early Asian trading the US currency slid versus its main opponents as investors bet on risk-sensitive currencies on receding worries about the global economy after China reported encouraging economic reports over the weekend and global regulators agreed on new capital rules. The greenback declined to new multi-day lows against the euro and the pound.

The 16-nation currency spiked across the board in early Asian deals on Monday, as upbeat economic reports from China over the weekend added to signs the global economic recovery is gaining momentum. The euro thus jumped to a 6-day high against the dollar, yen and the pound. Meanwhile, the euro recovered from a new record low against the aussie.

In early Asian session on Friday, the Japanese major weakened across the board  after  a government report release  unveiled  that Japan's gross domestic product expanded a revised 0.4% in the second quarter of 2010.

In early Asian deals on Thursday, the Japanese unit gained ground across the board on rally in most regional shares. The yen thus surged to near a 15-year high against the dollar.

Most Asian equities spiked today as European debt woes eased and US stocks closed firm overnight.

Japan's Nikkei 225 index is currently trading at 9,071.46 - up 46.86 points or 0.52% over its previous close.

In early Asian session Wednesday, the Japanese unit gained ground across the board as Asian stocks fell on persistent concern about the global economic outlook prompted traders to seek the safe-haven Japanese currency. The yen thus jumped to a fresh 15-year high against the dollar, 8-day high against the franc, 15-day high against the euro and a 1-week high against the Australian, New Zealand and Canadian dollars.

In early European trading today, the Japanese unit firmed on drop in most Asian and European stocks that propelled traders to seek for safe-haven currencies. The yen thus reached a 1-week high against the pound and multi-day highs against the rest of majors, barring the Swiss franc.

In early Asian trading on Monday, the US currency depreciated across the board on better-than-expected US August payrolls data released on Friday that encouraged traders to buy higher-yielding assets. The dollar thus dropped to a 5-day low against the pound and multi-week lows against the euro, Canadian dollar, Aussie and the New Zealand dollar.

In early Asian trading on Thursday, the Japanese unit revealed firmness on a weaker-than-expected Australian trade surplus data that prompted traders to seek for safe-haven yen.