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The Yen Is Getting Slammed Again

Sam RoJan 25, 2013, 05:18 IST

The yen is plunging again. It's down 0.34 percent against the dollar.

A dollar will get you ¥90.63.

Reuters' Wanfeng Zhou reports: "Traders cited reports quoting Japan's deputy economy minister, Yasutoshi Nishimura, as saying the yen's decline is not over and a dollar/yen level of 100 would not be a concern. Nishimura was also quoted saying that only if the dollar rises to 110-120 yen would it add to domestic import costs."

Bloomberg