Forex: Monday’s review

The euro rose against most major currencies after a representative of the European Central Bank, Jens Weidmann said that the course of the single European currency is not too overpriced. Meanwhile, he added that the policy aimed at weakening the euro will lead to inflation.

The yen approached the lowest since May 2010 against the dollar as Japan's economy minister Akira Amari told Kyodo News, the government should aggressively pursue efforts aimed at stimulating growth stocks.

Meanwhile, we add that the yen fell for the first time in four days against the euro after the Asian Development Bank President Haruhiko Kuroda, who is a potential candidate to head the central bank, said that he supports the implementation of additional measures to stimulate the economy country, expecting that some of them may be approved in 2013. It should be noted that the statement Kuroda suggests that it may apply more drastic measures to suppress deflation when Prime Minister Shinzo Abe appointed him to head the BOJ after the resignation of Masaaki Shirakawa.

Pound fell against most major currencies after the industrial report showed that the level of trust in relation to employment in the UK fell markedly in January. Also exerted pressure on the currency speculation that confidence among traders that the exchange rate to appreciate significantly reduced.