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Friday, November 15, 2024

Currencies on the Move: Yen-USD Busts Through 1.00 Barrier; Australian Dollar, Euro Slump; The Uplifting “Abenomics Bra”

Courtesy of Mish.

There are some interesting moves in the forex markets today. Most notably the Yen cracked the 1.00 barrier.

Yen Daily Chart

click on chart for sharper image

After flirting with 1.00 for three weeks, the Yen fell through today.

Is it the new Abenomicsa Bra?

The Japanese division of lingerie maker Triumph International unveiled on Wednesday an “Abenomics” bra, a special edition it says offers a “growth strategy” and a potential lift towards Japan’s elusive inflation target.

“We hope that, as the Japanese economy grows, we can also help bust sizes to get bigger,” said Triumph spokeswoman Keiko Masuda. Its benefits for Japan’s policymakers were less clear.

The Uplifting Abenomics Bra

Australian Dollar Intraday Action

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