Yen Drops to Lowest Since June 2009 !!

What a cracking start to a Monday , Market Booming and Yen dropping .

The yen dropped to the weakest level since June 2009 as investors sold the currency amid concern measures to fight deflation. Also a lot of the companies now are re setting the hedging they have .

The yen was little changed after finance ministry data showed Japan’s current account surplus, the widest measure of trade, was larger than economists forecast

Lets enjoy this rally , Japan has waited for so long for this , may it last long .

Yen Rates :
$- 98.85
Euro -128.44
£ – 151.2
AUD – 102.086

Tony Evans ,

Bloomberg li

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