Home Breadcrumb caret Economy Breadcrumb caret Economic Indicators Breadcrumb caret Industry Breadcrumb caret Industry News Yen suffers losses after Treasury official comment The Japanese currency got hammered on Monday after the latest round of selloff caused it to tumble against the dollar and euro. The yen’s losses snowballed after the U.S. Treasury reconfirmed its support for monetary stimulus in Japan, which markets took as a cue for abandoning the yen, reports FT. Japan’s perusing a policy of […] By Staff | February 12, 2013 | Last updated on February 12, 2013 1 min read The Japanese currency got hammered on Monday after the latest round of selloff caused it to tumble against the dollar and euro. The yen’s losses snowballed after the U.S. Treasury reconfirmed its support for monetary stimulus in Japan, which markets took as a cue for abandoning the yen, reports FT. Japan’s perusing a policy of aggressive monetary easing in efforts to fight deflation and spur economic growth, the yen’s depreciation against the dollar being an unintended consequence of it. Also read: Hedge your bets on Japan Japan unveils stimulus package Japan is now boarding: ETF Insight Staff The staff of Advisor.ca have been covering news for financial advisors since 1998. Save Stroke 1 Print Group 8 Share LI logo