The <keyword id="76265" type="PERSON" weightage="60" keywordseo="yen">yen</keyword> is plunging again. It's down 0.34 percent against the dollar.
A dollar will get you ¥90.63.
<a href="http://www.reuters.com/article/2013/01/24/us-markets-forex-idUSBRE9070IW20130124">Reuters' Wanfeng Zhou</a> reports: "Traders cited reports quoting Japan's deputy <keyword id="34412" type="ORGANIZATION" weightage="60" keywordseo="economy">economy</keyword> 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."
 
<div class="image-container" style="width:610px"><div class="image"><img src="http://static1.businessinsider.com/image/5101c7f0ecad040664000009-674-436/screen%20shot%202013-01-24%20at%206.44.42%20pm.png?maxX=610" border="0" alt="yen" width="610" /></div>Bloomberg</div>

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The Yen Is Getting Slammed Again

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

The Yen Is Getting Slammed Again

Sam Ro

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