yen valuation


April 9, 2016

From lows of 121.7 per dollar and 132.3 per euro on January 29, the Japanese yen appreciated 13.0% and 8.0%, respectively, over the ensuing 9-1/2 weeks to highs last Thursday of 107.7 and 122.6.  The onset of this rally paradoxically coincided with the announced introduction of a negative interest rate by the Bank of Japan […] More