Monday, May 28, 2007

Yen Up On Pound; Flat With Euro And Dollar, Monday, May 28, 2007 2:17:01 PM

The Japanese yen saw a little strength on Monday morning in New York. The Japanese currency was up on the sterling and stable against the dollar and euro. The Japanese market was open on Monday, a day that saw most of the major markets closed for the holiday.

The yen was range-bound near a 15-week low against the dollar on Monday morning in New York. The currencies have been flat since late Sunday night ET. The yen advanced on Friday evening after touching its lowest level since mid-February earlier that day. The yen remained level with the euro on Monday. The currencies have been level since Friday when the yen fell back from a two-week low. On Monday, the pair generally stayed between the 163.00 and 163.80 marks.

The yen gained against the pound on Monday in New York. The yen trended up throughout the morning before leveling off a little before noon ET. The yen has advanced slightly after reaching its lowest level against the pound in three and a half months on Friday.
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