empty
 
 

2015.01.1300:49:59UTC+00Japanese yen climbs as Nomura ceases selling on oil decline

The Japanese yen ascended against most major rivals on haven demand and as Nomura did not recommend selling it in the next few months with weaker oil prices backing the country’s trade balance.

The 45% slide in oil since the end of October would cut Japan’s trade deficit by about $500 million, according to Jens Nordvig, Managing Director of Currency Research at Nomura Holdings Inc.

The currency traded at ¥117.97 per greenback, up 1.5% this year. It also rose 0.3% to ¥139.63 per euro. 

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback