Weak yen shorts get shaken out as Economy Minister Akira Amari suggests the recent large drop in...

|By:, SA News Editor

Weak yen shorts get shaken out as Economy Minister Akira Amari suggests the recent large drop in the currency has brought its value in line with economic fundamentals, but further weakness could pose risks. A rush to cover sent the yen higher by nearly 100 pips vs. the dollar. A slight bounce since leaves the dollar -0.5% against the yen and buying ¥89.02.