Yen climbs that the application of coup de pouce of earthquakes of Refuge; Dollar, Franc mounted

April 12, 2011, 1: 02 pm EDT by Candice Zachariahs and Ron Harui

April 12 (Bloomberg) — the yen, the dollar and the Swiss franc rose against the majority of their peers in the renewal application for the assets of refuge after an earthquake shook buildings in Tokyo, major a month after a temblor record triggered a nuclear crisis.

The yen strengthened against all of his counterparts of the exchanged most of 16 after the Japan has increased the rating of the severity of the accident at the power plant of Fukushima Dai-Ichi to correspond to the 1986 Chernobyl disaster. The Australia dollar lost more than four weeks against the yen as Asian stocks extended a retreat into the world of depreciation request active higher yielding. "" The aversion to the intense risk that could have earthquakes and nuclear fallout at the Japan is that affect their ability to take on the foreign investment, ", said Greg Gibbs, a strategist at Royal Bank of Scotland Group Plc Sydney. "These factors could make the yen a bit of force."Of the yen appreciated 1 per cent to 120.87 for one euro as of 1 h 46 Tokyo 122.12 in New York yesterday, for the biggest daily gain since March 16. Currency of the Japan is passed to 83.90 per dollar of 84.60, after reaching the 83.47, the most since April 1. The greenback climbed to $1.4405 per euro of $ franc 1.4436.The passed to 1.3010 a 1.3087 euro yesterday. It has strengthened to 90.31 cents per dollar of 90.67, after touching 90, the highest level since March 23, the earthquake that struck the Prefecture of Chiba, Tokyo and shook buildings in the capital this morning had a magnitude of 6.2 according to the U.S. Geological Survey. A magnitude-6 temblor, 6 struck yesterday at the Japon.Du high risk ReductionJapan nuclear and Industrial Safety Agency the level of the crisis of Fukushima at 7, the highest global standard, an official said today in a televised briefing.Tokyo Electric Power Co. said the total amount of radiation released from the crisis at the nuclear plant of his cripple may exceed that of the Chernobyl disaster. "Purchase of yen pressure could intensify in the context of reducing the risk of Japanese investors and a downward correction of fairness in the world,"said Junya Tanase, strategist, currency Chief at JPMorgan Chase & Co. in Tokyo. "We expect dollar-yen declined to 80 in coming weeks."The yen climbed to a record post-war against the dollar in the week after a magnitude-9 quake and tsunami hit northeast of Japan March 11, in the speculation, the national insurance companies sell assets abroad to pay for reconstruction. Group of seven nations on the markets, jointly intervened on 18 March to stem the currency gains. The yen fell 8.6% against the dollar since its peak of 76.25 Mars 17. Fund International Monetary of the ForecastsThe of the IMF lowered its 2011 forecast for Japanese growth at 1.4% of 1.6% in its World Economic Outlook report yesterdayciting the effects of the disaster. The forecast for next year has been brought to 2.1% of 1.8%.The greenback gained for a second day against the euro as the Nikkei 225 Stock average dragged 1.8%, a decrease of 1.4% in the MSCI index of Asia Pacific of stimulation. The Standard & Poor 500 Index declined for a third day yesterday. "Probable caused earthquakes stock weakness and the aversion to risk,"said Nobuaki Kubo, vice President of foreign exchange in Tokyo to BBH Investment Services Inc., a unit of New York - based Brown Brothers Harriman & Co.""It is apparently leading to the purchase of the yen and to some extent the dollar".Generally, the yen strengthens in political, financial and economic turmoil. Trade surplus makes the attractive currency overseas because it means that the nation does not have to rely on lenders. The benefits of the dollar as the world main reserve currency.So-called PricesThe products Aussie also weakened after a tonnage of raw material prices decreased and a technical indicator showed that the currency was ready to fall. "" Given the weakness of commodity and the actions of emerging markets in the last 24 hours, I would say that the decline in the Aussie is a logically correlated event, "says Sacha Tihanyi, a currency strategist senior Hong Kong to the capital of Nova Scotia. "The race in the Aussie against the US dollar has been impressive since bounce in mid-March and without consolidation, would threaten to move the territory overbought on a technical basis.The Reuters-CRB commodity index decreased 0.7% yesterday, snapping a seven-day gain.The index of the relative strength of 14 days for the Aussie against the dollar to 66 yesterday, almost level 70 that some traders see as a sign of the price is passed too quickly and could reverse course.The Australia currency fell by 1.5% to 87.47 88.98 Yen yesterday, the largest daily loss since March 16. So - called Aussie refused to 0.7 per cent of $1.0426 to $1.0496.

-With the help of Masaki Kondo in Singapore. Publisher: Rocky Swift

To contact the reporter on this story: Candice Zachariahs Sydney to czachariahs2@bloomberg.net; Ron Harui at Singapore to the rharui@bloomberg.net

To contact the editor responsible for this story: Rocky Swift to the rswift5@bloomberg.net

View the original article here