There are a number of factors contributing to the yen's rise, currency traders say.
Two days later, currency traders woke up to yet another round of rules and tax implications.
They also invited speculation from currency traders placing self-fulfilling bets that the peg would not hold.
According to currency traders in New York and Sampa, some fast money accounts were taking profits Monday.
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Again and again, the authorities have warned currency traders that the Swiss franc was not a one way bet.
The problem is that free-floating currencies help currency traders but undercut the ability of other businesses to plan their investments.
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If the yen continues to strengthen against the U.S. dollar, currency traders said they expect the Bank of Japan would intervene.
This new fiscal conservatism on the part of the European countries is undoubtedly restoring confidence in the euro amongst currency traders.
Currency traders were emboldened to take on risk, rebuilding carry-trade positions, and safe harbors like U.S. Treasuries and Japanese government bonds slid.
This is an effort to dampen the fears of currency traders and investors who are climbing a wall of worry and uncertainty.
The idea is simple and based on a module used to train junior currency traders before letting them loose on the real thing.
Currency traders will also be keeping a close watch on the newsflow to see if the dollar's recent weakness following the sub-par data continues.
Watch for the European Central Bank and the Bank of England to lower rates, which will make the dollar more attractive to currency traders.
For once, American tourists have something in common with international currency traders: This summer, they are all wondering how the Greek financial crisis will impact the dollar.
With the monetary cards now so clearly on the table, currency traders have placed their bets, and the smart money is quickly running away from the greenback.
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That interpretation came as a surprise to many currency traders.
In the dusty local market in Hargeisa, the capital of Somaliland, rows of currency traders set up stalls on the side of the road with money they value by weight.
Currency traders are assuming that lower inflation will enable the Bank of England to keep interest rates low for longer, which in turn makes the pound less attractive to investors.
For the week ahead, currency traders will likely focus on Thursday's ECB meeting for news of any rate cuts amid a slew of dismal economic numbers out of the euro zone.
Currency traders in Eastern Europe use the euro as their main reference currency, and will typically choose their trades based on what the European currency is doing relative to the dollar.
Currency traders, confident that interest rates would not rise while inflation hovers at only 1%, bet against the Canadian dollar and drove it to a series of record lows in July.
Foreign-currency traders are easily scared by international political developments.
If Perlow were a prudent person, she would have tested her remedies on small-time workaholics with a proper sense of shame about their always-on careers, such as professors, journalists, locksmiths or currency traders.
With the crisis in Greece and other well-publicized problems in Europe, the dollar once again became a safe haven for currency traders, and the USDX rose by 10 percent to 88.05 on June 7.
Over the past year sterling has become a favourite of currency traders because of Britain's strengthening economy and rising short-term interest rates, according to Adrian Schmidt, a currency strategist at the Royal Bank of Scotland.
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Currency traders are rapidly shifting assets to countries seen as less likely to try to weaken their currencies, amid concern that the fresh round of US monetary easing could trigger another clash in the "currency wars".
"Given the amount of money involved it will take time to solve these problems and find ways to pay people back, " he said, adding that most of the currency traders who used Bitfloor were sticking with him.
The euro was broadly unmoved as the details of Ms. Merkel's speech flashed on currency traders' screens, although the currency drifted lower against the dollar as the European morning wore on and the dollar rose against a range of currencies.
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Fred Schmidt, property specialist at Morgan Stanley in Tokyo, says workers' demands for a better environment are transforming the way developers put up buildings: ceiling heights are rising, for instance, while currency traders want a Starbucks outlet on their floor.
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