020 7898 0500The Japanese yen weakened for the second day in a row, outlining the Japanese Government’s power to intervene in exchange markets. The yen fell against ten of its peers, making Japanese exports more affordable. The Japanese currency depreciated by 0.8% against the US dollar, but this is only a small chunk of the 10% that it has gained since the turn of the year.
Today sees the release of Japan’s current account statistics. A measure of imports against exports, this is expected to outstrip last month’s figure.
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