Excerpt from: CFD Trading in International Financial Markets
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| September 04, 2008 | | Japanese yen gains in forex trading | One of the nice things about CFDs is that it is possible to trade a wide variety of instruments and markets, currency CFDs included.
One interesting development today is that the Japanese yen is gaining in forex trading against many of the majors. FX Street reports on some of the advances made the yen in forex trading:
Yen rose against dollar to 108.12 yesterday and continued it's bullish
advance into the Asian trading session. Japanese economic woes and
abysmal data sees yen strong against high yielding currencies (NZD and
AUD) pushed on by un-winding of carry trades. South Asian currencies
missed the benefits of the lowering in commodities as recession fears
continue. | | |
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