Yen Hits 7-month Low Against the US Dollar

Yen Hits 7-month Low Against the US Dollar
February 22, 2012 Market Traders Institute

On Wednesday, the Yen hit a 7-month low against the US Dollar. Recent announcements played a factor including a rise in oil prices, the Bank of Japan’s expansion of its asset-purchasing program, and economic data showing a trade deficit for Japan in January.

The chart below shows the effects on the market:

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