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Yen set to weaken, timing of Fed's QE taper to weigh

Wochit 1:02 mins

A weaker yen is likely for at least a year and how much it eases in the near term will depend on how soon investors expect the U.S. Fed to start reducing its stimulus. Bill Ackman, J.C. Penney Co Inc's top investor, fired back at the retailer's board, requesting that it meet as soon as possible so it can decide on matters including a new chairman. U.S. stocks moved between the tiniest of gains and losses as trading volume was light and there was little economic news to move the market. Asus has decided that developing Windows RT-based tablets isn't such a good idea. The company's CEO Jerry Shen tells the Wall Street Journal that Asus is getting out of the Windows RT market and that "the industry sentiment is also that Windows RT has not been successful."

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