Yen continues to befuddle Japan and the World as the Dollar Trade Fades in Q2 2016
Taro Aso, the Finance Minister of Japan, has shown concern regarding the way Japan’s currency, Yen, is rising.
Aso is of the opinion that a continued rise in Yen may lead to a monetary fiasco and may cause the Japanese economy to stagnate. While the cabinet has been signalling at an intervention, the investors believe that Japan will stay away from any arbitrary intervention.
On Friday, the Japanese currency made an unprecedented climb. It reached 108 Y..
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