The Japanese yen exchange traded fund is at a new 52-week low as the
currency weakens beyond the 100 per U.S. dollar psychological mark for
the first time since 2009.
The CurrencyShares Japanese Yen Trust (FXY) was down 1.5% late Thursday. Year-to-date, FXY has declined 12.5% as the Bank of Japan enacted a more aggressive monetary policy and set a 2% inflation target.
The USD to Japanese yen exchange rate rose 1.7% Thursday to $100.67/¥. The last time the yen broke the $100 level was on April 14, 2009.
http://finance.yahoo.com/news/japanese-yen-etfs-tumble-dollar-190932364.html
The CurrencyShares Japanese Yen Trust (FXY) was down 1.5% late Thursday. Year-to-date, FXY has declined 12.5% as the Bank of Japan enacted a more aggressive monetary policy and set a 2% inflation target.
The USD to Japanese yen exchange rate rose 1.7% Thursday to $100.67/¥. The last time the yen broke the $100 level was on April 14, 2009.
http://finance.yahoo.com/news/japanese-yen-etfs-tumble-dollar-190932364.html
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