Before US bank earns, Dollar rises up against Yen

On Monday, the dollar rises up vs. yen in quiet trade with many overseas companies even now left for the Easter holiday and further to come until the US market earnings season gets into full form.

This week the US banks which includes Citigroup and Goldman Sachs JPMorgan are prepared to report Q1 results and traders are eager to look for how stock market respond to these earnings reports.

The dollar increased against the yen, last week, buoyed by a meeting in US stocks after better earnings advice from the US bank Wells Fargo.

Market spectators said the currency market has valued in positive US earnings records, so the market is more expected to react to any negative surprises.

The dollar was around 100.33 yen or Fx trading, as compare with 100.22 yen in late Tokyo trading on Friday. Last week the US currency touched 101.45 yen; it’s uppermost in six months.

On Friday, the euro was figured at $1.3144, down from $1.3186 when it also falls to $1.3090, a rank not seen since middle of the March.