155250 Resource 133514 120646 120646 1168529730940 1168529730940 Controlled Japanese Yen Still Struggling on the Spot Forex Market

But may steady on comments by finance official

The Japanese yen is still struggling against the major currencies on the spot forex market. Spread betting, contracts for differences and spot forex trades should consider the weakness, but should also look at the fact that the yen may steady a bit. <a href="http://today.reuters.com/news/articleinvesting.aspx?type=usDollarRpt&storyID=2007-01-11T114731Z_01_L11616746_RTRIDST_0_MARKETS-FOREX-UPDATE-4.XML" target="_blank" title="spread bets, CFDs, spot forex trades, spot forex trading, spread betting, contracts for differences, spot forex market, Japanese yen, major currencies">Reuters offers this information, which may be useful for spread bets, CFDs and spot forex trades</a>:<br /><br style="font-style: italic;" /><div style="margin-left: 40px; font-style: italic;"><p>The yen fell more than half a percent to 13-month lows beyond the key 120 level versus the dollar on Thursday on jitters about Japan's rate outlook, while the euro rose ahead of an expected no-change euro zone rate decision.</p><p> Investors were speculating the Bank of Japan will raise interest rates by a quarter point to 0.5 percent next week but analysts said the market is starting to have doubts about the likelihood of a hike, and about the strength of the Japanese economy. ...</p><p> &quot;The price action suggests markets are backing away from a rate hike in Japan next week,&quot; said Steven Saywell, chief currency strategist at Citigroup. ...</p><p> But the yen's fall largely stalled on Thursday after Japanese Vice Finance Minister Hideto Fujii said disorderly moves in the currency market were undesirable.</p><p> &quot;The market is coming round to the idea that the BOJ may not raise rates on Jan. 18, and if they do, the conditions do not really warrant it and the rate rise is going to be the last for some time,&quot; said Derek Halpenny, currency economist at BTM-UFJ.</p></div> 9 application/xml false CFDs contracts for differences Japanese yen major currencies spot forex market spot forex trades spot forex trading spread bets spread betting Spread betting, contracts for differences and spot forex trading with GFT Global Markets http://www.gftuk.com/land/index.asp?aid=53 Mozilla/5.0 (Macintosh; U; PPC Mac OS X Mach-O; en-US; rv:1.8.0.9) Gecko/20061206 Firefox/1.5.0.9 127.0.0.1 127.0.0.1 mmarquit false true false false true 133514 blog blogsite/GFTUK/web