The Yen and the Sterling are in Limelight

Hi everybody!!

Its almost two-days that I haven’t being working on the blog-And I was missing something then I thought its nothing but the blog I'm missing.

Well in these two days some changes have taken place in the world currency market…and those changes are unexpected ones….

The Big change is the Yen's journey on a profitable road. The Yen which was struck in the world currency market traffic earlier in the week is now taking active part against its rival currencies.

The first one to hit by the Yen was the Australian dollar. The Australian dollar was 1.9% down against the yen. The Australian CPI inflation data came weaker than expected. The data was so weaker because there were assumptions that the Reserve bank of Australia would lift its interest rates next month. The Next big-hit of yen was against the Euro. The Euro was down by 0.3% against the Yen and the Pound followed the hit-list and it fell by 0.5% against the Yen.

The Sterling advanced initially in this week by hitting a record of 14-year high against the dollar and four-year high against the Euro.