Yen depreciates versus its counterparts

Note: This section contains information in English only.
Source: Bloomberg
The Japanese Yen fell against its major peers as the IMF stated that it is "moderately overvalued". The Yen lost 0.2% versus the common currency, falling to 96.05 per Euro. The Japan's currency was little changed at 78.73 per US Dollar. Finance Minister Jun Azumi will not rule out any possibilities to struggle with the Yen's appreciation. 
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Thu, 02 Aug 2012 07:04:00 GMT

Fed indicates more steps to stimulate economy

The Fed will adopt fresh stimulus as needed in order to spur economic recovery and reduce jobless rate, which has been stuck over 8% for more than 3 years. Stocks declined on disappointment Ben Bernanke rejected undertaking action even as employment grows at a slow pace, consumer spending weakens, and manufacturing cools.  

Thu, 02 Aug 2012 15:23:58 GMT

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