Dollar falls more than 1 percent on the day versus yen

The dollar fell more than 1
percent versus the yen on Tuesday, on financiers’ growing
expectations that the Japanese federal government’s stimulus steps will
fall short of initial hopes. The dollar was down 1 percent at 104.71 yen after
dropping as low as 104.625 yen earlier on the EBS trading
platform, its lowest considering that July 14.

The Japanese government is likewise assembling an enormous
spending bundle worth about 20 trillion yen ($ 189 billion),.
government sources informed Reuters last week, though actual public.
spending will be far less than the heading number suggests.

( Reporting by Tokyo Markets Group; Modifying by Sam Holmes).

Read More

Leave a Reply

Your email address will not be published. Required fields are marked *