Report
Yen Weakens on US Interest Rate Speculation
posted by Richard Katz on September 08, 2014
Found in Japan, categorized in Currencies
Report Cover
Headline
So far in 2014, investors have been net sellers to the tune of ¥753 billion. In 2013, when confidence on Abenomics was rising high, they were net buyers to the tune of ¥16 trillion.
Abstract
After spending month after month in the ¥102/$ range, the yen finally seemed to resume to depreciation on which the Abe team is counting so much. It’s a small breakout: just a couple percentage points to the ¥105/$ range, the cheapest the yen has been since last December.