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Yen moves up to 112, briefly

August 17, 2007
By Ken Worsley


I think it’s worth a mention that the yen briefly moved into 112 territory during trading in New York overnight. This will be good news for some and bad for others, though we haven’t heard much other than rumblings about the carry trade as of late…

In case you were worried, the Financial Services Agency is going to start checking financial institutions in order to assess their level of exposure to subprime loans.

One of the stated goals of the FSA’s check is to ensure that financial institutions have “proper risk controls in place.”

Filed Under Economics, Exchange Rates, Japan 

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