The Japanese yen fell against the South Korean won as the prospects for a global economic recovery maintained the “risky trading”. We had seen in previous articles that the decline in the Japanese yen had been a trend from the positive fundamentals about the expected economic recovery. 

The Metatrader 4 trading platform showed that the dollar raised to $1.4732 per euro from $1.4709, level presented yesterday. It earlier reached $1.4767, the weakest level since Sept. 25, 2008. The yen lost 0.3 percent to 91.17 per dollar, from 90.93 yesterday, when it appreciated to 90.13, the strongest since February. Japan’s currency slid 0.4 percent to 134.31 per euro, from 133.78.

The Swiss franc reached the highest level against the U.S. dollar since July 2008, while the central bank announced to maintain its posture against a stronger currency. The Swiss central bank also forecasted an increase in the inflation rate. Policy makers held the three-month Libor target at 0.25 percent and said in a teleconference from Zurich that they would continue to oppose the franc’s appreciation.