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The yen (FXY) gains 0.7% - dollar yen falling to ¥98.59 - after Japanese inflation rose...

The yen (FXY) gains 0.7% - dollar yen falling to ¥98.59 - after Japanese inflation rose 0.4% in June, the sharpest rise since June 2008, fueling ideas the BOJ's stimulus "may be working," says Credit Agricole FX chief Yuji Salito. If it is working now, that means less of it in the future, and the Nikkei tumbles 3%. EWJ -1.6%, DXJ -1.8% premarket.
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Comments (1)
  • positivethoughts
    , contributor
    Comments (1996) | Send Message
     
    How is devaluing people's savings at 0.4% in one month a great thing?
    When computers dropped in price, more were sold, more people improved their productivity and the companies who made computers earned more profits. Yet, inflation is supposed to be a good thing and deflation is supposed to be a bad thing?
    26 Jul 2013, 09:06 AM Reply Like
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