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The morning forex trades in Tokyo resulted in the growth of the USD in relation to yen caused by the increased demand and possibility of the basic materials costs growth. So the USD reached 105.07 yen and the Euro - $1.5765. However it is expected that the US dollar will decrease soon due to the US unemployment numbers that have increased throughout the May. The jobless level in the US reached the 5.5% point throughout the May instead of the 5.1 percent predicted by the experts.

The euro slipped on Friday, relinquishing early gains to hit a two-week low against the dollar after surprisingly weak German retail sales figures added to the view that the euro zone economy may be weakening.

German retail sales unexpectedly fell for the second month in a row in April, suggesting cracks in the region's economy which until now had been resilient to a global slowdown even as inflationary pressures increase.

According to the latest economic data the United States dollar increased in relation to other major currencies but still it was quite affected by the fact of the decline of consumer spending and sales of property. The level of the consumer confidence is likely to fall to the 60.0 in the current month. According to Sal Guatieri at BMO Capital Markets the US consumers experience hard times due to decreasing house prices, growing energy and food prices and increasing rate of unemployment. The present fall of the consumer confidence level is one of the largest the US economy experienced.

As US traders return to the markets following the Memorial Day holiday, a spate of economic releases will await them. Much of the event risk for the US dollar will likely come from weakening in the housing sector, consumer confidence, and durable goods orders. On the other hand, Thursday’s Q1 GDP release is forecasted to reflect an upward revision, which could prove to be a huge boon for the greenback. Meanwhile, euro traders should keep an eye on German labor market figures and those holding Canadian dollar positions should beware of Friday’s Canadian Q1 GDP report.

The latest Forex trades showed the Euro increased again after the short period of decline however this instability shows nothing but the problems of the European economy. The purchasing manager’s index for the previous month increased up to 51.8 point but the growth trend was reported only by Germany; as for the Spain, France and Italy they have reported the slowdown.
As for the whole market opinion there are talks about further decreasing of the Euro.