An announcement about a possible repatriation of funds by Japanese companies dropped the Japanese Yen against the U.S. Dollar. This trend could be maintained after reposts of positive U.S. indicators and the next Fed`s meeting this week.

The U.S. dollar also rose against the euro for a second day in currency trader software, at $1.4677 per euro, following a 0.2 percent gain yesterday. The yen was at 135.05 per euro. The U.S. dollar was at 92 against Japanese yen, after rising 0.7 percent on a third day of gains and a maximum level at 92.53.

The Bank of England reported negative news about the sustainable of the real exchange rate as a consequence of the financial crisis, after the pound touched a five-month low versus the euro yesterday.

In other currency news, the Canadian dollar weakened for a second consecutive day as the prices of crude oil and gold fell and global stocks declined. As we had seen in this blog, it has been a trend of constant volatility compared to a few weeks ago!