Treasury - Daily Forex for day 28.08.2006

The yen fell to an all-time low against the euro and hit multi-month lows against other major currencies on Friday after a report showing lower-than-expected rise in Japanese consumer prices. The tame inflation report underpinned expectations that the Bank of Japan would not raise interest rates again in the near future following a rate hike in July, the first in six years. Elsewhere, the euro was almost unchanged against the dollar.

The crown held flat near 28.20 to the euro on Friday, shrugging off ongoing political crisis in the country.