Weakness in the yen is broadening with a trade-weighted gauge of the currency falling to the lowest in more than two decades as officials in Tokyo issue more warnings about sharp moves.
Deutsche Bank AG’s measure of the yen’s strength versus its global trading peers closed at a record low Monday, according to data going back to 2000. The currency has found itself caught once more in the widening gap between the Bank of Japan’s super-easy monetary policy and the hawkish shift seen in counterparts in Europe and the US.
The move will add to expectations of at least more verbal intervention to help stabilize the currency, which has fallen by more than 7% this year against the dollar and 9% against the euro.
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