Japanese Yen Drops as Central Bank Pumps Money
The Japanese yen tumbled today after the Bank of Japan pumped money into the nation’s financial system to help the country in dealing with the consequences of the 8.9-magnitude earthquake on March 11.
The BoJ will add ¥15 trillion ($183 billion) to Japan’s economy and increase its
USD/JPY traded at 82.04 as of 11:01 GMT today after it opened at 81.44 and jumped to 82.43, while EUR/JPY surged from 113.52 to 114.60.
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Earlier News About the Japanese Yen:
- Yen Appreciates as Tremor Boosts Demand for Safety (2011-03-11)
- Yen Weakens as Global Economy Grows (2011-03-09)
- Gains of Japanese Yen on Decline of Stocks & Commodities (2011-03-07)
- Japanese Yen — Best Performer This Week (2011-02-27)
- Japanese Yen Regains Strength After Declining (2011-02-25)
