USDJPY Hits New 15 Year Low
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G10 Advancers and Decliners vs USD JPY 0.49 EUR 0.30 CHF 0.19 GBP 0.14 The USDJPY made a new 15 year low after the pair touched 83.35 this morning. Even after Japan’s Finance Minister Noda said the government was watching markets closely and potential ‘bold’ measures to intervene to counter the Yen’s appreciation would be considered, the Yen has shown no signs of cooling off. Perhaps data from this morning further compounded to the Yen’s bullish momentum when…
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