Yen Weakens on Expectations of Additional Stimulus from BOJ

Note: This section contains information in English only.
Source: Bloomberg
While investors are expecting BOJ to add stimulus to the economy this week, Lee Hardman of Bank of Tokyo-Mitsubishi UFJ Ltd. considers it would be a premature action and that the situation may self-correct, because Europe would be the main determinant of yen price in the nearest future. On Monday the yen lost 0.4 percent to 101.36 yen per euro and 0.3 percent to 79.32 yen per dollar.

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Mon, 21 May 2012 14:31:50 GMT

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