In Japan – expensive currency, rising bond yields, lowering consumer spending
May 29, 2013 7:20 am
During trade session on Wednesday Japanese yen rose against the US dollar as a result of bond market volatility. USD/JPY pair shorted gains, lowering to 101.98 during Asian session, as it traded at 102.31 during late American session. US dollar stopped its expansion, which lasted three consecutive sessions. Government bonds yield rose by another 0.9%. […] Read more