Yen Drops to Weakest Since July on Fixing, Retail Investor Flows
- Japan’s finance minister gave more warnings on the yen moves
- Strong US data this week may weaken yen further: Aozora
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The yen slid to its weakest since July against the dollar, lagging most of its major peers, with analysts attributing the drop to Japanese retail investors’ outflows as well as to the Tokyo benchmark fixing.
Investments via the Nippon Individual Savings Account, or NISA, and flows linked to the Tokyo benchmark fixing were some of the factors contributing to the weakness in the Japanese currency, according to strategists.