Yen ETF Bounces After Bank of Japan Decision
January 22, 2013 at 10:37 AM EST
CurrencyShares Japanese Yen Trust (NYSEArca: FXY) rallied 1.6% in early U.S. trading Tuesday after the Bank of Japan adopted a 2% inflation target but said it won’t begin open-ended asset purchases until next year. The currency ETF last week fell to its lowest level in over two years on reports the...
