U.S. Markets close in 35 mins

Could There Be Respite for the Falling Yen?

Ricky Cove
Could There Be Respite for the Falling Yen?

The US Iran nuclear deal pullout failed to increase demand for haven bids such as the yen. The yen (FXY) closed last week at 109.39 against the US dollar (UUP), depreciating by 0.25%. A weak yen is positive for the export-dependent Japanese economy.