Japanese yen is dropping
09.10.2014
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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