Japanese Yen’s Spike to Record Against Dollar Lifts Currency ETFs
October 21, 2011 at 11:36 AM EDT
Exchange traded funds indexed to the movement of the Japanese yen against the dollar jumped Friday. The greenback dropped to a post-World War II low versus the yen, according to reports. The dollar’s nosedive against the yen reflects “a lot of people have been trying to sell risk looking for Europe...