The yen was up against the euro and dollar in Asia this morning after the Federal Reserve Chairman Ben Bernanke released a Wall Street Journal article that stated that the central bank would have to stiffen its monetary policies in the future.In the article, Mr Bernanke wrote that, “Accommodative policies will likely be warranted for an extended period,” adding that the Federal Reserve, “will need to tighten monetary policy to prevent the emergence of an inflation problem” as the economic recovery continues.
Bernanke’s article prompted investors to be more risk-adverse, selling the dollar and euro for the more stable yen. The dollar hit a low of 93.75 yen, compared to 94.23 posted on Monday, with the euro slipping to a day’s low of 133.18 yen.The yen was up against the euro and dollar in Asia this morning after the Federal Reserve Chairman Ben Bernanke released a Wall Street Journal article that stated that the central bank would have to stiffen its monetary policies in the future.
In the article, Mr Bernanke wrote that, “Accommodative policies will likely be warranted for an extended period,” adding that the Federal Reserve, “will need to tighten monetary policy to prevent the emergence of an inflation problem” as the economic recovery continues.
Bernanke’s article prompted investors to be more risk-adverse, selling the dollar and euro for the more stable yen. The dollar hit a low of 93.75 yen, compared to 94.23 posted on Monday, with the euro slipping to a day’s low of 133.18 yen.The yen was up against the euro and dollar in Asia this morning after the Federal Reserve Chairman Ben Bernanke released a Wall Street Journal article that stated that the central bank would have to stiffen its monetary policies in the future.
In the article, Mr Bernanke wrote that, “Accommodative policies will likely be warranted for an extended period,” adding that the Federal Reserve, “will need to tighten monetary policy to prevent the emergence of an inflation problem” as the economic recovery continues.
Bernanke’s article prompted investors to be more risk-adverse, selling the dollar and euro for the more stable yen. The dollar hit a low of 93.75 yen, compared to 94.23 posted on Monday, with the euro slipping to a day’s low of 133.18 yen.The yen was up against the euro and dollar in Asia this morning after the Federal Reserve Chairman Ben Bernanke released a Wall Street Journal article that stated that the central bank would have to stiffen its monetary policies in the future.
In the article, Mr Bernanke wrote that, “Accommodative policies will likely be warranted for an extended period,” adding that the Federal Reserve, “will need to tighten monetary policy to prevent the emergence of an inflation problem” as the economic recovery continues.
Bernanke’s article prompted investors to be more risk-adverse, selling the dollar and euro for the more stable yen. The dollar hit a low of 93.75 yen, compared to 94.23 posted on Monday, with the euro slipping to a day’s low of 133.18 yen.
