The yen (JPY=X) has hit a more than 30-year low against the US dollar. It comes after the Bank of Japan left room to raise rates following its latest policy meeting. Yahoo Finance's Jared Blikre and Julie Hyman break down the currency movements. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Stephanie Mikulich.
Remarkably, the Bank of Japan stated during its press conference that the depreciation of the yen wasn’t an issue. Interesting….
The Australian dollar has seen a lot of noisy behavior, as recovery was on the menu this past week. At this point, we are in the middle of the overall consolidation area that has been so important in this pair.
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