Yen Drops, Lifts Other Currencies

The weakness of the yen is the main development in the foreign exchange market. The dollar resurfaced about JPY99 for the first time this week. The ostensibly driver is the realization that, as we anticipated, Japan’s aggressive monetary stance has not sparked much of a reaction from the G20. The…

View post: 
Yen Drops, Lifts Other Currencies

Yen Drops, Lifts Other Currencies

The weakness of the yen is the main development in the foreign exchange market. The dollar resurfaced about JPY99 for the first time this week. The ostensibly driver is the realization that, as we anticipated, Japan’s aggressive monetary stance has not sparked much of a reaction from the G20. The…

View post: 
Yen Drops, Lifts Other Currencies