The yen weakened for a second day against the dollar as stocks rose and investors speculated the Bank of Japan will boost credit easing, while the U.S. may move closer to interest-rate increases as the economy strengthens.
The race for the weakest currency continues across the globe. Japan's turn to boost the U.S. dollar Index. The Bank of Japan (BOJ) is well-known for their short-term hits (verbal intervention) against their own currency. Watch leverage money fade, or setup against this decline in the coming weeks. Any intervention against the dominant trend is a waste of time and money.
Source: bloomberg.com
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