The yen and the dollar edged up against the euro today, Wednesday, as falls in equities and oil prices dampened investors’ appetite for riskier assets.

Yen continues to kick!  Jim Rogers disses sterling…  China’s 4th QTR GDP…  Singapore announces stimulus… And Now… Today’s Pfennig!

Dollar up vs yen as BOJ warns of further export woes…  Euro gains broadly; doubts about U.S. auto bailout loom… Market expects ECB rate cut; policy-makers seem divided

There is always a bull market going on somewhere, says Frank Hemsley. As currency values are all relative to each other, a slump in one always means another is soaring. Frank says the unwinding of the carry trade means the Japanese yen is soaring against weaker currencies like the British pound. As long as stocks remain in a bear market, Frank says the yen will rise and sterling will fall.

Dollar falls against the euro, gains against the yen… Hope of bailout for U.S. carmakers boosts sentiment… Risk aversion likely to remain for some time…

U.S. payrolls data show steepest fall in 34 years… Dollar falls to 6-week low vs yen, but rises vs euro… Markets fully price another half-point rate cut