This year’s sharp fall in the yen may have been driven by aggressive monetary stimulus in Japan, but whether that trend continues is largely dependent on the U.S. monetary policy outlook, analysts say. The yen stood at about 99.60 per dollar on Friday, nursing losses a day after sliding about 1.7 percent as better-than-expected U.S. economic data boosted the dollar against major currencies. In fact, the dollar notched up its biggest one-day percentage gain against the yen in about four months. “Any additional strength we see in dollar/yen will come from: a) U.S. data and b)…
Where’s the yen going? Look to the Fed for answers
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Where’s the yen going? Look to the Fed for answers
This year’s sharp fall in the yen may have been driven by aggressive monetary stimulus in Japan, but whether that trend continues is largely dependent on the U.S. monetary policy outlook, analysts say. The yen stood at about 99.60 per dollar on Friday, nursing losses a day after sliding about 1.7 percent as better-than-expected U.S. economic data boosted the dollar against major currencies. In fact, the dollar notched up its biggest one-day percentage gain against the yen in about four months. “Any additional strength we see in dollar/yen will come from: a) U.S. data and b)…
TAGNews
Where’s the yen going? Look to the Fed for answers
This year’s sharp fall in the yen may have been driven by aggressive monetary stimulus in Japan, but whether that trend continues is largely dependent on the U.S. monetary policy outlook, analysts say. The yen stood at about 99.60 per dollar on Friday, nursing losses a day after sliding about 1.7 percent as better-than-expected U.S. economic data boosted the dollar against major currencies. In fact, the dollar notched up its biggest one-day percentage gain against the yen in about four months. “Any additional strength we see in dollar/yen will come from: a) U.S. data and b)…
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