03.05.2016 - Japan's currency melt-up a warning for the RBA
The yen's mammoth move over recent days is a clear warning to the RBA: this is what happens when a central bank disappoints financial markets by withholding monetary stimulus. Last Thursday the yen surged by more than 3 per cent – it's biggest daily move since 2010 – and continued to climb on Friday to reach its strongest level in more than 18 months. It reversed course partially on Monday, with one US dollar buying 106.6 yen...............................................Full Article: Source
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