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Chinese 100 yuan banknotes are seen on a counter of a branch of a commercial bank in Beijing, China, March 30, 2016. Reuters
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Dollar signs are seen alongside the signs for other currencies at a currency exchange shop in Hong Kong November 1, 2014. REUTERS/Damir Sagolj
Yen Eases after Higher Yuan Guidance, China Worries Linger
After China’s central bank set a stronger guidance rate for the Yuan on Monday, the safe haven Yen eased against the dollar, casting away fears that Beijing is trying to weaken its currency to gain a competitive export advantage. China’s Yuan has been weakening...Caption:
A visitor waits for the New Year opening ceremony at the Tokyo Stock Exchange (TSE), held to wish for the success of Japan’s stock market, in Tokyo, Japan, January 4, 2016. REUTERS/Yuya Shino