Dollar-Yen Rate Seen as Too High Considering Interest Rates
The dollar weakened against major currencies except the yen. Apollow said that “with Japanese yields rising relative to U.S. yields the yen should be appreciating, which is the opposite of what has happened.”
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The dollar weakened against major currencies except the yen. Apollow said that “with Japanese yields rising relative to U.S. yields the yen should be appreciating, which is the opposite of what has happened.”
