Thanks, I'm looking for a URL to copy and paste or download historic prices for the Japanese Yen or YSD/JPY. I want to find the inverse correlation coefficient between JPY and POG recently.
From; biz.yahoo.com
Wednesday March 20, 7:55 am Eastern Time
Gold ticks higher, weaker yen offers support
LONDON, March 20 (Reuters) - Gold ticked higher but remained trapped in its range on Wednesday morning, with a slightly weaker yen lending support after the currency's decline stimulated buying overnight on TOCOM, traders said.
While activity in London was muted, traders said the combination of a weaker yen against the U.S. dollar and a slightly firmer Australian dollar would underpin prices in the near term.
``There is complete disinterest in London, but the fact that the yen has fallen back a bit is giving some support on the downside,'' one trader said.
Spot gold climbed some 30 cents from its opening levels and was quoted at $292.90/293.40 an ounce at 1245 GMT, down from $292.80/293.30 at the close in New York on Tuesday.
The pressure on the yen encouraged another flurry of buying by Japanese investors seeking a safe haven for their money, amid growing concern over Japan's economy, and pushed yen-based gold futures prices to a two-week high on TOCOM in Tokyo.
The dollar rose above 132 yen overnight.
``In the near term gold's direction will probably come from the Japanese traders on TOCOM. With the public holiday tomorrow (in Japan), the market looks likely to remain quiet and rangebound for the rest of the week,'' UBS Warburg analyst John Reade said in a daily report |
