business

Yen rises in Asia after BOJ holds fire on easing measures

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A higher Yen is never good for Japan Inc.'s recovering export division. Also, not good if Japan wants to draw in tourists to come visit, spend on lodgings, sights & sounds, transportation and buy, buy, buy!!!

The only winners in the short term are the ones importing raw materials, oil, gas, etc. into Japan.

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@KnowBetter yes and all those import lovers, Iphones Mercedes BMW etc etc etc.. want to help the economy buy Japanese made.

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Not news in any way. This is a tiny move (~0.1%).

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Markets are now looking to comments from BOJ Governor Haruhiko Kuroda later Wednesday for clues about when the bank might pull the trigger on further measures.

Dollar/yen hit a 3-month low of 100.81 a little earlier, after Mr. Kuroda started his press conference. I imagine we'll hit 2014 lows this week, if not later today.

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