Tag: Curriency

How to chose a Forex Broker

There are ways that a dishonest broker can skim profits off of your trade. One of those ways is by taking advantage of what can be up to a 2 minute gap between the time that you place your order and the time that you see the results on your platform. Second- the broker controls the price you see on your trading platform and there’s a custom made opportunity to shave profit from the transaction if the price moved before the transaction was posted back to your screen.

Dollar Falls Versus Yen

Monday’s large aftershock came exactly a month after an earthquake and tsunami flattened towns and damaged a nuclear plant in northern Japan. It’s the second strong aftershock to hit northern Japan in less than a week.

The dollar was worth 84.75 Japanese yen in late afternoon trading in New York, down from 84.89 Japanese yen late Friday.

The Japanese yen is considered a safe-haven currency and tends to get stronger during times of turmoil. Days after the March 11 earthquake and tsunami, the yen reached a new record high against the dollar.

Japan Continues Hold the Yen currency

The Japanese government will continue hold the yen after the earthquake and tsunami for some time ago. The measure is on the market, Japan noted the development of its currency and trade with partners in the G-7 if necessary.

At a time when overall response times for the first time since 2000, a group of seven countries to sell the yen on Friday, March 18, 2011, reached unprecedented levels after the currency reform. Conditions that exports from Japan and other trade agreements, which could jeopardize the success of the Japanese economy after a disaster.