Economic adviser to Prime Minister Shinzo Abe, Koichi Hamada, said a level around 105 would be appropriate for the yen

Market news

14 April 2015

Economic adviser to Prime Minister Shinzo Abe, Koichi Hamada, said a level around 105 would be appropriate for the yen

The economic adviser to Prime Minister Shinzo Abe, Koichi Hamada, said on Monday that a level around 105 would be appropriate for the yen, based on purchasing power parity.

"There's no need to force inflation to 2 percent," Hamada said.

Foreign exchange market. American session: the U.S. dollar traded lower against the most major currencies after the mostly weaker-than-expected U.S. economic data

NZIER’s business confidence for New Zealand was 23% in the first quarter

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