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JPY/USD Exchange Rate

JPY 1.00 = USD Reference Mid-Rate       /
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Daily Currency Market Commentary
Daily currency news provided by OzForex

The Greenback correction continued Thursday with the Bloomberg dollar spot index advancing for a third consecutive day. Fewer jobless claims and a reported increase in national economic activity according to the Fed Reserves Bank of Chicago helped bolster market confidence sparking a risk on rally. A week of stable and strengthening US data sets supports an overall stronger US economy and view that the recovery can withstand deteriorating global growth. In other news the Euro rot was halted, if only momentarily, by an unexpected expansion in Manufacturing PMI. German and Eurozone reports showed an increase throughout September easing concerns the stagnant European Economy is moving closer to an overall contraction. Finally the Japanese Yen dove downward as Bank of Japan Governor Kuroda said that a weaker Yen appears in line with economic fundamentals and promised to increase stimulus if needed adding to already unprecedented levels of support. With little on the global economic calendar to close the week focus will turn to New Home Sales data in the U.S. for additional indications the economy is rebounding.   
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Why is it that when I go into a currency vendor to send money I never get the rate on the news?

You may well think that you are being ripped off, but it is not always the case. In simple terms what you see on the news or in the paper or on yahoo finance is the Middle Rate or mid-rate. Some people want to buy a currency and some people want to sell a currency and there is a gap (or margin) between the price at which you buy and the price at which you sell. ⇒ read article

What makes sending money internationally so expensive?

There are a number of cost components to making and receiving international payments, most of which are far from transparent to customers: Currency fees, Transit fees, Correspondent bank fees etc ⇒ read article

BestExchangeRates in the PressSMH.com.au Money

“A check with the foreign-exchange comparison website bestexchangerates.net shows a big variation in the exchange rates available when sending money and buying cash.” SMH.com.au ⇒ read article

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