Japanese yen is dropping

Japanese yen is dropping 


Japanese yen is trading at its lowest level against the dollar since October 2008, amid the  wave of selling of  the Japanese currency.

the Yen dropped significantly due to the divergence in  monetary policy between the Bank of Japan and the Fed., and where the monetary policy makers in Japan are implementing the monetary stimulus program with expectations of an increase in  the value of asset purchasing as the end of the year.

 While the Federal Reserve Bank is in process to end its stimulus program by the end of this year, and is approaching to hike the interest rates.

Moreover, the Japanese central prefers to keep the currency low in order to support exports in the country and tackle the lower growth rate which has recorded during the second quarter of the year.

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