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By ASP

The Japanese Yen has gone from strength to strength this year but yesterday Japan’s ruling party policy chief Seiji Maehara was quoted saying “The authorities have to take a firm stance and sell the Yen when necessary to stop the negative cycle of extreme Yen appreciation. They have to send a strong message to the market”.

This comment brings back concerns that Bank of Japan may take a similar stance as the SNB (Swiss National Bank) did and announce a willingness to sell unlimited ammounts of Yen to achieve a realistic trading level. When the SNB sold unlimited ammounts of CHF we saw the markets shift by over 9% in a matter of minutes!

To find out what you can do to minimise your exposure to this volatile currency pairing please contact me on asp@currencies.co.uk

By ASP

The Pound/Kiwi Dollar pairing has been particularly volatile over the past 6 months with over 20% movements from the high to low. This would come to a 76,820NZD difference on a £200k transfer highlighting perfectly why it is so important to keep in close contact with your account manager. If you don’t have an account manager please contact me on asp@currencies.co.uk to be allocated one.

By ASP

Last week we saw better than expected non farm payroll data at 103,000 new jobs compared with the 60,000 analysts were expecting. Following all of the poor data recently investors have chosen to keep their funds in the USD using it as a safe haven however with this recent data investors risk appetite has improved and we have seen GBP/USD rates hit 1.56 again. Should we continue to see stronger than expected data out of the US it wouldn’t suprise me to see rates strengthen further.

For a free consultation on how to make the most out of your currency requirement please contact me on asp@currencies.co.uk

By ASP

Yesterday the BoE announced a further round of QE, injecting £75 billion into the UK economy. This did cause significant weakness with loses of up to 2% in the space of an hour against some currencies. In the short term I would expect to see a lot of volatility as un-nerved investors look for a safe bet.

To talk to one of our market experts about your individual requirements please contact me on asp@currencies.co.uk

By ASP

Today headlines will be dominated by the Sterling and Euro interest rate decisions however if you have a Dollar requirement, the release of initial jobless claims are released at 13:30. This will be a good indication of how the US economy is performing, especially with tomorrow’s far more important non-farm payroll data our at 13:30.

To ensure you receive the best exchange rate possible please contact me on asp@currencies.co.uk