USD/JPY at 13-Year Low Following Thursday?s disappointing retail sales and continued credit-market worries, the greenback hit the lowest level since 1995 versus the yen and touched record lows against the euro and Swiss franc. News about severe credit problems at Carlyle Capital and Bear Stearns increased risk aversion. The FX market awaits Friday?s US CPI and sentiment data. The USD/JPY, falling to a 13-year low, traded below the important 100 overnight but recovered somewhat as US stocks

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This entry was posted on Friday, March 14th, 2008 at 5:03 pm and is filed under Forex Economic Indicators. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.