StockMarketWire.com - The Japanese yen has fallen from a high against the majority of it's major counterparts in today's trading. The move higher in the value of the yen is likely a reactionary trade, following G7 finance ministers suggesting that the recent Japanese loose monetary policy will be under scrutiny at today's G20 summit.
The yen strengthened 1% against the British pound in today's trading, coming off a high of ¥145.35 down to ¥143.9 breaking through a 75% projection level (¥144.09). The next clear level of resistance on an hourly time frame in the GBP/JPY pair appears to reside at ¥142.63.
At market close:
Story provided by StockMarketWire.com
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