Asian Session – Yen tumble continues ahead of elections; Fed minutes leave dollar little moved
Posted on November 20, 2014 at 7:57 am GMTThe yen continued its relentless slide, as dollar / yen took over 118 yen handle and euro / yen topped the 149 level; a respective 7-year and 6-year high. It appears that traders are dumping their yen exposure before the elections, which Prime Minister Abe is expected to win. Not even a better-than-expected Japanese trade balance for October was enough to convince traders to stop selling the yen. Exports grew much faster-than-expected in October, probably helped by the weaker yen. [..]