Japan Promised To Buy Euro &Nbsp; The US Dollar Index Fell 0.13% On Tuesday.

Tuesday morning, Beijing time, on Tuesday.

End

The euro rose to 0.17% against the dollar on Tuesday at $1.2970.

The euro rose to $1.2990 on Tuesday.

Noda Kahiko, Japanese Chancellor of the exchequer, announced at the press conference that he would buy Euro bonds issued by the European financial stability fund later this month.

In a statement, Noda Kahiko pointed out that for an economic power like Japan, it is a very reasonable move to help restore market confidence by buying eurozone bonds.

According to official statements, Japan will buy at least 20% of the first round of issuance this month.

Driven by news, the euro rose sharply in Asian trading hours earlier on Tuesday.

Although the euro rose in early trading on Tuesday, it fluctuated in subsequent trading.

Some analysts pointed out that as Portugal plans to issue treasury bonds on Wednesday, the euro will also face great resistance in the middle of this week.

The ECB may be forced to postpone its existing exit strategy to help maintain an unbalanced growth in the region.

There are also reports of support for the euro. There are reports that the European Central Bank has begun to buy Portuguese bonds through the two tier market.

This rumor has led to a decline in Portuguese bond yields.

According to the plan, Portugal will launch a key Treasury auction on Wednesday.

In other currencies, the euro rose to 107.9620 yen, up 0.812%, and the pound rose to 0.16% against the US dollar at $1.5599.

On Tuesday, British retail sales data showed that sales in the same storehouse were 0.3% year-on-year decline in December, due to bad weather.

The US dollar against Japanese yen closed 83.24 yen on Tuesday, up 0.64%.