HALISTER1: Yen Declines on Speculation on Fiscal Stimulus: NBC Financial

Yen Declines on Speculation on Fiscal Stimulus: NBC Financial

(Bloomberg) -- USD/JPY extends gain on expectations for govt’s fiscal stimulus, says David Lu, HK-based director at NBC Financial Markets Asia.
  • News reports on 27t yen fiscal stimulus and issuance of 50- year bond, both spur yen selling, says Lu in an interview
  • NOTE: Japan stimulus package to be 27t yen, Abe to announce today, FNN says
  • NOTE: Japan govt mulls issuing 50-year bonds, WSJ reports
  • USD/JPY jumps 1.6% to 106.28
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

People
David Lu (National Bank of Canada)

Topics
Speculation, Rumor Denials

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