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Foreign exchange market: the pound falls, the yen rises

21/04/2023
Source : ORISHAS FINANCE
Categories: Economy/Forex

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At the end of the week, currencies move in a dispersed order. While the pound has fallen, the yen is up supported

by more persistent than expected inflation in Japan

The pound fell 0.5% to $1,238 and was on track to lose about 0.25% per week. It has slipped since reaching its highest level in 10 months, at $1,255, last Friday. The euro is up 0.34% against the pound sterling to 88.47

pence.

For its part, the Japanese currency increased 0.31% to 133.83 yen to the dollar and 0.42% to 146.65 yen to the euro around 09:05 GMT (11:05 CET). The rise in consumer prices in Japan remained stable in March excluding fresh products (3.1% over one year), while economists expected a slowdown to 3%

.
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