Thursday, 14 July 2016

Dollar pushes above 105 yen on Japan prompt hopes

 The dollar Thursday pushed above 105 yen for the first time in three weeks.

The dollar was up 1.07% at 105.62 yen at 04:20 ET after a high of 105.75.

There is prediction of aggressive prompt measures by Japan to reflate the economy.
Former Fed chief Ben Bernanke reportedly has floated the idea of Japan issuing immutable bonds.
International Market Update

Japanese officials have ruled out using helicopter money, or flooding the market with yen.

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