Currency Note Worldwide

Japan talks down the yen

By Ricky Bean February 23rd, 2015

  • The Canadian dollar had a limp finish to the week as Friday saw the release of weaker-than-expected Canadian retail sales data. The official report stated that retail sales fell 2% in December, with the core retail sales, which excludes automobiles, dropping 2.3% compared to an expected 0.7% drop.
  • The Japanese yen was weaker on Friday as the Bank of Japan (BOJ) Governor Haruhiko Kuroda softened the outlook for the yen. Kuroda said the BOJ is watching the Japanese government bond market closely and that negative real rates are part of the policy to reach the 2% sustained inflation rate target.

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