Japan Says The G-20 Finally Gets It – Yen Slides Toward 100 Against The Dollar
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
The Japanese yen is getting really close to 100 against the U.S. dollar.
It just hit a low of 99.67 against the dollar following comments from Bank of Japan governor Haruhiko Kuroda that the G-20 meeting today gave him confidence to continue easing, but has since retreated to around 99.51. The dollar is up 1.4% today against the yen.
Kuroda said he told the G-20 that Japan is engaged in monetary easing to achieve its new, 2% inflation target, that the G-20 understands that easing is needed in order to achieve price stability, and that it was good that Japan won this understanding from the G-20.
Below is a chart of the dollar-yen exchange rate today. The yen hasn't seen 100 against the dollar since April 14, 2009.
read more ...