Joined Nov 11, 2007
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The Yen Falls on Weak CPI Data and More Speculation Easing is Near

“The yen slid to the weakest in seven months versus the euro after data showed Japan’s consumer prices stagnated in October, fanning speculation the central bank will increase stimulus to spur inflation.

The Japanese currency fell versus all of its 16 major peers and was set for its biggest monthly decline versus the 17-nation euro since June as Japan’s opposition leader called for measures to boost inflation. The euro rose with stocks after German lawmakers approved Greece’s latest rescue package. The dollar slid to a five-week low versus the shared currency as U.S. Democrats and Republicans wrangled over the spending cuts and tax increases of the so-called fiscal cliff.”

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