(Reuters) - a painfully yen rebound from two and a half years low against the dollar Monday option related to buying short-term players to give up further testing, now against the yen adverse.
But it is still faced with difficult problem is choose to sell currency, under the most pressure is the main central Banks to relax policy, positive and the bank of Japan.
"Now, Japan's policy makers set up 2% of the inflation target, they can't stop looser monetary policy, even if the yen down to about 100 yen per dollar, and, because inflation rate will reach 2%, far less than in the near future, said:" saito full length of the east China sea Tokyo stock economists.
The $92.65 yen, 0.2% year-on-year drop from last Friday night, the us trade. But it is not from two and a half years high 92.97, last Friday.
Try, as early as Monday on test 93 yen by selling dollars to hedge options disorder. Even so, many traders think its orbit to test 95.00, it is limited to the level of 2010.
The euro has expanded its rebound to 126.97, last Friday, nearly 2010 years of peak 127.46. This is the last at 126.19 yen, the late American trade below 0.3%.
Only five weeks to a common currency against the yen is 10%. Nearly 7% higher $, 2012 rose by about 13%.
"The Japanese authorities have promised to 2% inflation target, but the market on economic growth and inflation expectations remain at a low level," Barclays Capital (Barclays Capital) analysts in a research report said.
"So, we think that the authorities will continue to use the yen as a tool to improve the actual inflation rate, thus help to verify the new target of 2%."
Data on Friday showed that the currency speculator increased bearish bets, and fine against the yen against the dollar bet.
The G3 currency, the euro against the dollar has been outstanding, so far, in 2013, a 3.5% of the income.
This is the last $1.3627, declined slightly, from the late American level climbing on Friday, since 2011 since the end of the year never had the high of $1.3710.
Data showed that the eurozone factory last Friday nearly a year of January best month emphasizes the optimism against the euro.
And employment growth was moderate January U.S. employment data have been mixed. Thankfully, the first two months of employment growth is greater than the first reported.
Euro run to win the European central bank is part of the reason for the euro zone economy relatively optimistic view. However, the strength of the currency is must sit uncomfortable, it will be the European central bank monetary in Thursday's meeting made clear statement.
However, the European central bank President Mario Della auspicious of any attempt to talk down the euro will probably have a temporary effect, analysts say.
The bank of England also conform to the day (Thursday), and should maintain a moderate tone. This will give probation pound has fallen against the euro in 15 months lows. A common currency to buy 86.91 pence growth up to 87.16 pence.
The dollar, British unit also just five months above the low dangling from a week ago, $1.5674, trading at $1.5698.
Commodity money to a certain extent faded background, although new yuan had slipped grinding higher thanks to the reserve bank of New Zealand recent tough altisonant opinion.
Kiwi float up, in the $0.8493 usd 16 months, and a high peak two and a half years, a New Zealand dollar down to $1.2274.



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