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Dollar can’t cross ¥100 as economic concerns rise
The dollar remained unable to cross the 100 Japanese yen level on Wednesday as data showed that U.S. durable-goods orders fell the most in March since last August. The dollar USDJPY -0.03% traded at 99.36 yen in recent action compared with ¥99.45 on Wednesday. Investors have been watching to see if the dollar will trade above ¥100 for the first time since April 2009. Durable-goods orders fell 5.7% in March, more than the 3.2% decline expected by economists. The number showed that domestic demand is being negatively impacted by the sequester and is making it harder for the dollar to cross the ¥100 level, said Boris ... (full story)
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When the facts change I change my mind, what do you do sir