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Yen Extends Its Longest Losing Streak in at Least 50 Years

  • Currency slips 13th day even as BOJ warns about rapid slide
  • Bullard says 75 basis point hikes could be an option for Fed
Bloomberg business news

WATCH: Japanese Yen Tumbles in Longest-Ever Losing Streak

Source: Bloomberg

Updated on

The yen extended its longest losing streak in at least half a century as traders ignored government warnings about the speed of the currency’s decline, focusing instead on the widening gap between Japanese and U.S. interest rates.

Japan’s currency slid for a 13th day against the dollar, the longest run of losses in Bloomberg data starting in 1971, after Federal Reserve Bank of St. Louis President James Bullard said U.S. interest rate increases of 75 basis points are an option.