Japanese yen falls for the fifth consecutive week

The Japanese yen fell mid-December, which marked the fifth-consecutive weekly drop against the US Dollar.

As of 10 December, the yen was at its weakest in almost two years. The mid-month US Federal Reserve meeting has determine the direction of the yen and a further decline seems inevitable. Interest rates in the US are on the way up. At the last meeting of the Federal Reserve, the benchmark interest was moved from the current 0.25-0.50 percent to a range of 0.50 and 0.75 percent.

US employment has been improving as have wages. The head of the Federal Reserve said she expects rates to be raised three times in 2017.

Source: ITTO