Japanese Yen recovered slightly after heavy losses
May
29th 2015
The Japanese
Yen recovered slightly at the beginning of today trading session, after it
witnessed heavy sell-off during the previous session against the U.S Dollar
hitting 124.45 yen, which is the lowest level since December 2002. And the
decline of the Yen against the Dollar was due to the divergence in monetary
policies between Japan and
USA. As the Japanese government is
implementing the monetary stimulus measures, while the U.S Federal reserve is
going to raise its interest rates soon.
