{"id":68725,"date":"2013-12-27T07:48:46","date_gmt":"2013-12-27T07:48:46","guid":{"rendered":"https:\/\/armbanks.am\/2013\/12\/27\/240015\/"},"modified":"2024-12-15T13:09:03","modified_gmt":"2024-12-15T13:09:03","slug":"dollar-rises-to-five-year-high-against-yen-new-age","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2013\/12\/27\/68725\/","title":{"rendered":"Dollar rises to five-year high against yen: New Age"},"content":{"rendered":"

YEREVAN, December 27. \/ARKA\/<\/strong>. The dollar rose to a five-year high against the yen in Asian trading Thursday on the back of strong Japanese share prices in a thin holiday market.<\/p>\n

The greenback rose to 104.85 yen in early trade, its highest since October 2008, before settling at 104.71 yen.<\/p>\n

The level compared to 104.39 yen seen Wednesday in Tokyo. New York was closed for the Christmas holiday.<\/p>\n

The euro bought $1.3679 and 143.27 yen against $1.3668 and 142.71 yen on Wednesday in Tokyo.
\nStrong Japanese stock prices were a major market-moving factor. The benchmark Nikkei index ended at a six-year high of 16,174.44, up 1.03 per cent.<\/p>\n

Many stock markets globally have been rising as more signs of a US economic recovery emerge.<\/p>\n

Traders say the dollar should soon test the 105 yen mark, especially if US jobless claims data due later in the day turn out to have fallen.<\/p>\n

‘If fresh claims turn out to be less than 3,20,000, we can say the result is favourable,’ said Masafumi Yamamoto of Praevidentia Strategy.<\/p>\n

Investors will also closely monitor Japan’s consumer price data due Friday, as they expect the US currency to rise further.<\/p>\n

‘I don’t see any big barriers for the dollar beyond 105 yen, so we may see further fast-paced gains afterwards,’ said Yuji Saito, director of foreign exchange at Credit Agricole in Tokyo.<\/p>\n

The dollar’s upward momentum against the yen eased slightly as the market turned a little cautious over Japanese prime minister Shinzo Abe’s visit to the controversial Yasukuni war shrine. \u20130–<\/p>\n","protected":false},"excerpt":{"rendered":"

The dollar rose to a five-year high against the yen in Asian trading Thursday on the back of strong Japanese share prices in a thin holiday market<\/p>\n","protected":false},"author":1,"featured_media":156893,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[12159,9216],"tags":[15750,12236,13425],"class_list":{"0":"post-68725","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-exchange-market","8":"category-news","9":"tag-dollar-2","10":"tag-rise","11":"tag-yen"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/68725","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/comments?post=68725"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/68725\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/156893"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=68725"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=68725"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=68725"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}