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Rumors from Iran Central bank said that the management had decided to diminish EURO reserves to 20-25 percent from 50 percent and then convert the euro currency into the Dollars and Gold. It is also heard in the market that the sales of the first stage is begin and its target seems to be 15 billion was expected to be finish off till the end of September. EUR 45 billion is expected amount for the whole sales. Iran is expected to reduce its cost of oil sales in euro. While buying seems to be low and USD stays tight against all the major currencies of the Forex online trading market. Prime Minsiter of Japan has announced its resignation leads to the Japanese currency Yen in the soft order in the market. This announcement of resignation is just come before week and now the currenct finance minster of Japan is the successor as the market expects for the chair of Prime Minsiter
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