Yen falls amid waning speculations that Fed stimulus will end early

Source: Bloombeg
© Scanpix/Reuters
The Yen depreciated 0.7% to 100.25 per U.S. Dollar so far today, after rising to 98.87 yesterday, the highest level since May 9. Japan's currency dropped as speculation that the Fed might cut its stimulus earlier waned due to worse than expected U.S. factory activity figures. The Yen may weaken further to 110 per U.S. Dollar in upcoming 12 months, according to Bank of Tokyo-Mitsubishi.
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