Japanese Yen Depreciation Data Reveals Unprecedented Moves Against US Dollar

From dailyfx.com

The Japanese Yen has been consistently depreciating against the US Dollar since March 7th. Of the 43 days since then, including today, it has weakened every day except for 6, at the time of going to print. USD/JPY is currently at its highest level since May 2002. For a deeper dive into the daily data that we have since 1980, we will be look at rolling 30-day periods. The New York close is 5pm local time there, Monday to Friday. The official FX market closes over the weekend. Over the 42-years of USD/JPY data, it stands to reason that, on average, there should be close to 15 up-days and 15 down-days. The data bears ... (full story)