Currencies
Currencies News
Yen Declines to 7-Year Low on BOJ Monetary Easing; Real Plunges
The yen slumped to the weakest level in almost seven years versus the dollar after the Bank of Japan unexpectedly increased monetary stimulus that tends to devalue the currency.
Tiger’s Robertson Sees Danger in Monetary Moves Like Japan’s
Julian Robertson, the billionaire founder of Tiger Management LLC, called global monetary policy, such as Japan’s surprise expanded stimulus today, dangerous as central banks push bond yields down and create a bubble.