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USD/ JPY Briefly Above 154 as NY Fed Inquiry Spurs Speculation of US Aid to Boost Yen
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The Japanese yen's exchange rate further escalated in the Asian morning session today (26th), with the USD/JPY once falling below 154, bottoming at 153.95. USD/JPY last posted at 154.01, down about 1%. The US dollar shrank against all major currencies due to a price enquiry by the New York Federal Reserve last Friday (23rd), sparking market speculation that the US may assist Japan in boosting the yen, Bloomberg reported. AASTOCKS Financial News Website: www.aastocks.com |
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