| Many said the U.S. dollar would rise against the Japanese yen this year. Instead it has fallen, baffling investors and leading to fierce speculation on when it could reverse.
The dollar dropped below ¥110 on Wednesday for the first time since 2014 after rising above ¥125 in June. It’s down 8.3% this year through Tuesday, compared with a 4.6% fall against the euro. That’s despite a decision by the Bank of Japan to adopt negative interest rates this year, which was aimed in part at trying to weaken the currency...............................................Full Article: Source
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