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The yen takes another header overnight, carving out a new multi-month low as opposition party...

  • Friday, November 30, 2012, 7:32 AM ET
    The yen takes another header overnight, carving out a new multi-month low as opposition party head Shinzo Abe again calls for all necessary measures to bring inflation up to 2%. His comments came after core CPI came in flat Y/Y in October. The dollar +0.7% vs. the yen at ¥82.70. The Nikkei, +0.5%, continues to rise. Hopefully overseas owners of stocks are currency hedged.
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    the yen has to decline for japanese exporters to be competitive
    2 Dec 2012, 03:40 AM Reply Like
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