iBankCoin
Joined Nov 11, 2007
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The Yen Weakens Against the Dollar on Stimulus Expectations

“The yen weakened on speculation Japan will pursue more aggressive monetary easing to support its economy. European stocks slid while U.S. stock index futures climbed and Treasuries fell for the first time in five days.

The yen dropped against all 16 major counterparts and declined 1.1 percent to 101.99 per euro at 7 a.m. in New York. Futures on the Standard & Poor’s 500 Index rose 0.5 percent while the Stoxx Europe 600 Index slipped 0.4 percent as ICAP Plc sank 6.4 percent after reporting declining profit. Germany sold two-year notes at a negative yield for the second time on record. U.S. natural gas rose to a two-week high.”

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