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Monday, March 12, 2012

Dollar Is Inching Up vs. Yen



The dollar is performing a bit better against the yen.

According to Jiji Press:

Tokyo, March 12 (Jiji Press)--The dollar traded on a firm note above 82 yen in Tokyo Monday, but its topside was heavy due to position adjustment selling and a wait-and-see mood ahead of monetary policy decisions by the Japanese and U.S. central banks.

At 5 p.m., the dollar stood at 82.22-23 yen, up from 81.63-63 yen at the same time Friday.


While this is a small step in the right direction, the time for celebration is when the dollar hits 90-100 yen.

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