Yen weakens as yield gap increases

Source: Bloomberg

The Japanese Yen dropped 0.7% against the U.S. Dollar, thus reaching the lowest level in four-months, after the Federal Open Market Committee minutes hinted that the bond purchase might be slowed in the coming month. The Japan's currency also slumped 0.6% versus the shared currency, while this year the Yen has depreciated 12% versus its nine major peers.

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