Yen to Weaken Towards 80, Strategist Says

Aug. 4 (Bloomberg) -- Masafumi Yamamoto, chief currency strategist at Barclays Bank Plc in Tokyo, talks about the yen. The currency weakened against all its major peers after Japan intervened in the foreign-exchange market for the first time since March to stem gains in the yen that threaten the nation’s economic recovery. Yamamoto also discusses the U.S. economy and Federal Reserve monetary policy. He speaks with Rishaad Salamat on Bloomberg Television's "On the Move Asia." (Source: Bloomberg)