The Yen Continues Its Fall as Exports Dwindle, Stimulus Expected from BoJ

“The yen fell for an eighth day against the dollar, the longest streak in seven years, as a report showing Japan’s exports fell the most since the 2011 earthquake fueled bets the central bank will add more stimulus.

Japan’s currency dropped at least 0.6 percent versus all 16 of its major counterparts after Economy Minister Seiji Maehara pressed the Bank of Japan yesterday for more action to boost the economy. The euro rose after Spanish Prime Minister Mariano Rajoy extended an electoral majority in his home region of Galicia, vindicating the government’s austerity program. South Africa’s rand appreciated against all of its major peers.”

Full article