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Saturday, April 16, 2011

Dollar against the Yen received modestly higher beige book shows economy continues to improve

the dollar/Yen Wednesday (13th) received modestly higher, fed releases beige book economic report said the United States economy continued to improve in the past month, accelerated manufacturing growth.

the Federal Reserve (FED) releases beige book economic report (Biege Book), United States economy continued to improve in the past month, manufacturing growth accelerated, enterprises feel the effects of increases in energy and raw material costs.

the Beige Book said, although many areas of economic activity only moderately enhanced, but in most of the Federal Reserve said the industry generally improved, continues to lead the growth of manufacturing industry.

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fed in brown skin book in the also mentioned , Most often referred to as energy prices rise, but believed that the cost of raw materials all the more worrying.

at the same time, Bank of Dallas (Dallas Fed) Chairman Fisher (Richard Fisher), the Federal Reserve (FED) adopt overly loose monetary policy, led to runaway inflation.

in addition, Japan announced that the Government cut its economic assessment, is the first time in 6 months. Japan Government, since its experienced strong earthquake and tsunami in the Northeast last month, economic weakness revealed.

window open in dollar/Yen New York 84.06, early period, currency steadily downward. Midday sessions, exchange rate rebounded modestly, near the end at 83.8 level.

, analysts said dollar/Yen was 200-day moving average support, if the exchange rate fell below 83.4, the callback target will point to 82.2. If Exchange rate exceeded 84.5 levels rebound goal will point to the level of 85.9.

6:56 ', US dollar/Japanese Yen 83.84/86.