Yen Declines Against Dollar Amid Speculation Japan Will Weaken Currency
The yen fell against the dollar amid speculation Japan will weaken the currency to support exporters. The yen traded at 79.21 per dollar as of 6:38 a.m. in London from 78.98 yesterday in New York. It was as strong as 78.47 earlier today.
To contact the editor responsible for this story: Naoto Hosoda at nhosoda@bloomberg.net
July 14 (Bloomberg) -- Tohru Sasaki, Tokyo-based head of Japan rates and foreign-exchange research at JPMorgan Chase & Co., talks about the yen. Sasaki also discusses Japan's economy and stocks. He speaks with John Dawson on Bloomberg Television's "First Up." (Source: Bloomberg)
July 14 (Bloomberg) -- Axel Merk, president and chief investment officer of Merk Investments LLC, talks about global currencies. Merk also discusses the U.S. economy, Federal Reserve monetary policy and sovereign debt crisis in Europe. He speaks from Stanford, California, with John Dawson on Bloomberg Television's "First Up." (Source: Bloomberg)
(Corrects to remove reference to year end in headline.) July 14 (Bloomberg) -- Naomi Fink, head of Japan strategy at Jefferies Japan Ltd. in Tokyo, talks about the nation's stocks and currency. Japanese stocks fell for the third time this week after Moody’s Investors Service threatened to cut the U.S.’s credit rating, driving down the dollar against the yen and hurting the outlook for Asian exporters. Fink speaks with Rishaad Salamat on Bloomberg Television's "On the Move Asia." (Source: Bloomberg)
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