Yen fell Dollar Rose FOREX UPDATE
The yen fell on Monday while the dollar held near recent highs as risk appetite remained robust in holiday-thinned trade as equities and commodities gained ground.Source: WikipediaTrade was thin around Europe as many market participants were off for the period between Christmas and New Year and because the UK was closed for a public holiday.There was little market impact from news over the holiday weekend of an attempt to blow up a passenger plane flying to Detroit. [ID:nLDE5BP055]Monday is the last business day of the year for many Japanese companies, which resume on Jan. 4. The focus for many is whether the dollar will continue to rise next month after its rebound from a 14-year low on the yen in November.”Some corporates out of Japan may have been active in the yen, but it’s very, very quiet here, and I think (European) companies will have done 99.9 percent of what they had to do this year already,” said Antje Praefcke, currency strategist at Commerzbank Corporates and Markets in Fr
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