The Japanese yen was able to post gains against some of the majors over the past weeks. On August 25th, the yen just hit new highs against the dollar as forex trading investors turned to safer assets following the slow economic recovery. The yen reached a new high that was last attained 15 years ago in 1995. Trade balance came out much better than the expected 0.47T, at 0.61T. The USD/JPY pair traded at a high of 85.15 and a low of 83.59.

The British pound fell against the dollar after reports that the UK may be in for another recession. The GBP/USD pair traded at a high of 1.5505 and a low of 1.5372. The euro remained nearly unchanged against the dollar, but the euro crashed against the yen. The EUR/USD pair traded at a high of 1.2719 and a low of 1.2587. The US dollar was able to post gains against many of the majors.