Monday, April 30, 2007

Yen Improves From Record Low Versus Euro Monday Morning, Monday, April 30, 2007 7:50:46 AM

The yen pulled away from a record low against the euro while holding steady versus the dollar Monday morning in New York. Japanese financial markets were closed on Monday for the first of a string of Golden Week holidays.

The yen held steady at around 119.60 against the dollar Monday morning in New York. Traders await the release of PMI data from Chicago later in the day.

The yen firmed up against the euro Monday morning in New York, trading at 162.75, up from Friday`s record low of 163.29. Traders considered data showing Euro zone economic sentiment slightly dropped in April.

After testing a 2 Ѕ month low against the sterling on Friday, the yen advanced to 238.50 approaching mid-morning Monday in New York. Trading took place amid the release of data showing that British consumer confidence improved in April.
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