UFXMarkets *Weekly Forex Currency Trading News* 19-February-2012
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- For more currency & commodity news & info, visit http://ufx.co/UFXM-youtube... The Japanese Yen declined to a six month low against the US Dollar with its biggest weekly loss against the Dollar since November, as improving economic data decreased expectations of further monetary easing in the USA. The Bank of Japan also stated that it would increase the size of its asset-purchase fund. The cost of living in the USA rose less than forecast in January, lending support to the view of the Federal Reserve that inflation will be contained in the USA. The consumer price index increased 0.2 percent after no change in the previous month. Additionally, the unemployment rate is starting to drop in the USA, reaching a three year low of 8.3 percent in January.
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