Yen slips to a 2010 low on stimulus expextations

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Source: Bloomberg
The Yen was trading by 0.3% lower at 89.09 per greenback in Tokyo trading session on Friday. The Japanese currency has reached a 89.35 level, which is the weakest since the 29th of June, 2010. The Yen sharply depreciates on expectations to experience monetary stimulus for the domestic economy from the BoJ and Prime Minister Abe's cooperation. The Yen slipped, after Abe called BoJ policy bold to fight the strong Yen and inflation.
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Fri, 11 Jan 2013 10:25:52 GMT

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