Archive for January 14th, 2013

Deeper Analysis

Japanese Yen: Large Corrections to a Long-Term Uptrend

January 14, 2013

Japanese politicians since the 1950s have preferred a soft and competitive yen to a rising exchange rate and have not been bashful about expressing those preferences.  Prime Minister Abe is hardly the first official to use verbal intervention to counter yen strength, but he has been particularly convincing in this quest.  Abe’s timing is good, […] More

New Overnight Developments Abroad - Daily Update

Yen Slips Further as Japan Observes Coming of Age Day

January 14, 2013

Press reports over the weekend claiming that the Bank of Japan and government leaders have reached an accord on a change of inflation target sent the yen as low as 89.695 per dollar and 120.155 per euro.  A joint statement will reportedly be released after the monthly meeting of the Bank of Japan Board, unveiling […] More