“The dollar fell to two-week lows against the Japanese yen Tuesday after a newspaper report indicated the Bank of Japan is considering an exit strategy for its dollar-buying intervention.”
“Japan has spent a record amount of reserves to sell yen for dollars, depressing the home currency and buttressing a broadly declining dollar, in order to keep Japanese exports more attractive on world markets.”
“The dollar tumbled 1.2 percent against the Japanese yen, at 108.88 yen per dollar in early-afternoon U.S. trading”
Holders of dollars, beware.
