October 24, 2012

Japanese currency strengthened to 80 yen versus the greenback on Tuesday at hint of more stimulus

" The expectation that Bank of Japan governor Masaaki Shirakawa will relent to the pressure and unveil more stimulus at the bank's October 30 meeting steered the yen to a three-month low of 80 yen against the United States dollar on Tuesday"

Source: Japan's yearning for a weaker currency
Robert Guy
Australian Financial Review
Wednesday 24th October, 2012, page 31

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