Wednesday, November 19, 2014 1:17:42 PM
Dollar hits seven-year high vs. yen ahead of Fed minutes
The dollar hit a seven-year high against the yen on Wednesday ahead of minutes from the U.S. Federal Reserve's latest policy meeting, as investors bet on an increasingly divergent outlook for the world's major economies.
The Fed is expected to raise interest rates at some point in 2015 as the U.S. economic recovery broadens, but markets will be looking closely at the minutes due later in the day for any signs of when the first hike will happen.
The BoJ kept monetary policy unchanged on Wednesday with Governor Haruhiko Kuroda telling a news conference the bank's stimulus was exerting its intended effect, just two days after data showed Japan unexpectedly slipping back into recession.
The yen JPY= fell as low as 117.655 to the dollar, its weakest since October 2007, and was last close to that low at 117.605, down 0.7 percent on the day.
http://www.reuters.com/article/2014/11/19/us-markets-global-idUSKCN0J302120141119
The dollar hit a seven-year high against the yen on Wednesday ahead of minutes from the U.S. Federal Reserve's latest policy meeting, as investors bet on an increasingly divergent outlook for the world's major economies.
The Fed is expected to raise interest rates at some point in 2015 as the U.S. economic recovery broadens, but markets will be looking closely at the minutes due later in the day for any signs of when the first hike will happen.
The BoJ kept monetary policy unchanged on Wednesday with Governor Haruhiko Kuroda telling a news conference the bank's stimulus was exerting its intended effect, just two days after data showed Japan unexpectedly slipping back into recession.
The yen JPY= fell as low as 117.655 to the dollar, its weakest since October 2007, and was last close to that low at 117.605, down 0.7 percent on the day.
http://www.reuters.com/article/2014/11/19/us-markets-global-idUSKCN0J302120141119
My post is for my entertainment, do your own DD before pushing your
buy/sell buttons
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