Dollar hits fresh 15-year-low

[din]

Dollar hits fresh 15-year-low against yen

1 hr 49 mins ago
TOKYO – The dollar hit a fresh 15-year-low against the yen in Tokyo Thursday amid growing speculation that the Federal Reserve will ease monetary policy next month.
The U.S. currency was quoted at 81.23 yen at one point in early Thursday trading in Tokyo.
The dollar has been under pressure as investors bet that the U.S. Federal Reserve will enact a bond-buying program in early November. Buying bonds would drive interest rates and yields even lower, and tends to encourage dollar-selling.
Japan's finance minister has repeatedly warned Tokyo would take action to stem a rise in the yen. A strong yen hurts Japanese exporters as it cuts the value of their repatriated profits.
Japan intervened on Sept. 15 to weaken the yen, spending 2.12 trillion yen on currency intervention in the month through Sept. 28. The move worked initially, weakening the yen as hoped. But the impact was short-lived.

[Abdul Haq]

what does it sifgnify is that the yen would eventually swap Dollar.

[khushal]

what does it sifgnify is that the yen would eventually swap Dollar.

I doubt it, The yen will keep strengthening, the more it stregthens, the more expensive japanese products will become. the more expensive japanese products become, the less the world will buy there products since they will look elsewhere for better price which will lead to less products being sold by japan. The less products they sell, the weaker the yen will become. So the course of the yen stregthening will eventually reverse.
All this money they are printing eventually leads to inflation which devalues the currency which then makes products and services increase in dollar value. One can notice that in the the dollar value of precious metals like gold and silver.