Yen drops on Bank of Japan comments

Note: This section contains information in English only.
Source: Bloomberg
The Japanese Yen was lower by 0.2% to 96.51 per the U.S. Dollar in the second part of Tokyo trading session on Tuesday. During today's session, the pair touched 96.71, the weakest level of the Yen since August, 2009. Also, today macro data showed, that prices in the country reduced for an eleventh month, meaning that deflation entrenches in Japan. Thus, the Bank of Japan governor said that determined monetary easing is necessary to solve economic problems.
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Tue, 12 Mar 2013 08:43:04 GMT

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Wed, 13 Mar 2013 14:07:46 GMT

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