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13 Apr 2015
USD/JPY appropriate at 105 given purchasing power parity
FXStreet (Mumbai) - Koichi Hamada, adviser to Japanese Prime Minister Abe, speaking on BS Fuji TV said today that the Yen is appropriately valued at 105 per US dollar given the purchasing power parity.
He further added that at the current level of 120.00, the yen is weak. Hamada’s other major comments were - Consumption will rise in Japan as stocks rise, Monetary policy is working well in Japan.
Hamada has been a critic of a weak Yen over the years. In 2013, Hamada had said Yen would be “too weak” at 100 per US dollar.
He further added that at the current level of 120.00, the yen is weak. Hamada’s other major comments were - Consumption will rise in Japan as stocks rise, Monetary policy is working well in Japan.
Hamada has been a critic of a weak Yen over the years. In 2013, Hamada had said Yen would be “too weak” at 100 per US dollar.