The Traderszone Network

Published in TZ Latest News 17 September, 2014 by The TZ Newswire Staff

Dollar soars to six-year peak on yen after Fed, Tokyo stocks cheer

SYDNEY/TOKYO (Reuters) – Japanese shares jumped on Thursday after the dollar vaulted to a six-year peak on the yen as the Federal Reserve’s outlook for rising rates underlined the diverging path between the United states and the rest of the rich world. Indeed, the hawkish interpretation in currencies came despite the Fed maintaining language suggesting that rate hikes would not happen for a “considerable time.” [TOP/CEN] “Overall, we feel that the forward guidance from the Fed is consistent with policy normalisation in 2015,” said Dylan Eades, an economist at ANZ.

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