ADVERTISEMENT
Yen Soars Against the Dollar on Japan’s Bank Holiday
Yen Soars Versus the Dollar on Japan’s Bank Holiday
03 Jan 2019, 11:58 AM IST
(Bloomberg) -- The yen’s rally extended in explosive fashion Thursday as Apple Inc. cut its quarterly revenue forecast, adding to global growth concerns that had already been highlighted by weak euro-area and Chinese manufacturing data. Japan’s currency climbed against all Group-of-10 peers as thin liquidity on a Japanese bank holiday exacerbated moves. At one point, the yen gained as much as 3.7 percent against the U.S. dollar.
To contact the reporter on this story: Nancy Moran in New York at nmoran@bloomberg.net
To contact the editors responsible for this story: Sophie Caronello at scaronello@bloomberg.net, Garfield Reynolds
©2019 Bloomberg L.P.
Get live Stock market updates, Business news, Today’s latest news, Trending stories, and Videos on NDTV Profit.
ADVERTISEMENT