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The yen rose against most of the 16 most traded currencies, as many investors have suggested that the currency will stop its decline, which lasted for the past 11 weeks, which was the longest series of decline.
Japan's currency retreated from the minimum value against the dollar since 2010 as the technical indicators have indicated that the currency has declined too much.
The pound fell to its lowest level in more than 13 months against the euro, which was associated with the publication of data from Hometrack, which showed that house prices in England and Wales remained unchanged in December, after declining in the previous six months. Also exerted pressure on the currency earlier statement, which became known that the UK economy shrunk in the last quarter of 2012, more than expected, returned to recession.
The dollar rose against most major currencies, against the background of the fact that many market participants are waiting for the opening of a two-day meeting of the Fed, as well as a report on employment in non-agricultural sectors of the economy, which will be presented on February 1.
Note also that the support of the currency was a report presented by the Ministry of Commerce, which showed that orders for durable goods in the U.S. rose in December by 4.6% after increasing 0.7% in the previous month, although many experts forecast an increase of only 2%.
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