The dollar was on track Friday to book its largest weekly gain against the yen since February 1999 as a string of strong U.S. economic data and expectations of powerful monetary and fiscal stimulus out of Japan helped boost the greenback.
The U.S. dollar USDJPY, +0.73% traded at ¥105.53, compared with ¥105.35 late Thursday in New York, logging an outsize weekly gain of 5%.
The last time the buck strengthened this rapidly was Feb. 19, 1999, when the Bank of Japan adopted a zero interest-rate policy.
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The U.S. dollar USDJPY, +0.73% traded at ¥105.53, compared with ¥105.35 late Thursday in New York, logging an outsize weekly gain of 5%.
The last time the buck strengthened this rapidly was Feb. 19, 1999, when the Bank of Japan adopted a zero interest-rate policy.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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