But more recently the dollar has risen against the Japanese yen, the euro and other currencies.
Meanwhile, the Japanese yen weakened further on Tuesday, another positive sign for the economy.
The CurrencyShares Japanese Yen Trust (FXY) is down 17% in the past six months.
Regardless, EM central banks also sought further diversification, with the Japanese Yen as the main destination.
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The continued weakness in the Japanese yen pushed the Nikkei stock index to a four-plus-year high Wednesday.
The Japanese Yen also fell after the Bank of Japan announced it would expand its bond-buying program.
You can also short the Japanese Yen ETF (NYSE: FXY), as this program will devalue the currency.
The dollar is up against several major currencies, and has hit a one-month high against the Japanese yen.
The second consequence of Mr Abe's policies is a dramatic fall in the value of the Japanese yen.
The Japanese Yen has undergone a dramatic slide recently, losing 14% of its value over the past quarter.
The U.S. dollar was modestly lower against the Japanese yen in subdued trading.
If you entertain bullish views, check out the Rydex CurrencyShares Japanese Yen (FXY) and the CurrencyShares Euro Trust (FXE).
Major technology companies came under pressure amid renewed strength in the Japanese yen.
The Japanese Yen continues to defy gravity if not logic in appreciating against the dollar.
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The Japanese yen moved higher before the Bank of Japan announced the results of its policy meeting on Thursday.
Japanese Yen Trust shares are currently trading off about 1.1% on the day.
That promise was reiterated this week by the central bank's governor, Dai Xianglong, as the Japanese yen fell lower.
By contrast, the Japanese yen gained against the US dollar because many investors see it as a less risky asset.
The Japanese yen recently rallied to 15-year highs against the U.S. dollar along with hitting highs against other major currencies.
Neither should the sharp rise of the Japanese yen and the British pound, other basket currencies, on Thursday and Friday.
The Japanese yen extended its losses against both the U.S. dollar and the euro following the central bank's easing measures.
Currencies have become more of a mainstream focus recently, largely due to the large down move in the Japanese yen.
Specifically, a trader who borrowed big in Japanese yen to buy higher-yielding currencies or higher-yielding assets, the so-called yen carry trade.
Over that same timeframe the price of oil in West German marks and Japanese yen rose 1% and 7% percent respectively.
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You should have exposure to Japanese yen, euros and Brazilian reals only if you really want to bet against the dollar.
While the WisdomTree Dreyfus Japanese Yen Fund holds bonds, repo and deposits, the CurrencyShares Japanese Yen Trust holds 100% Japanese Yen.
Over the same period, the yuan has declined by approximately one percent against the euro and 2 percent against the Japanese yen.
The Japanese yen fell to a fresh 2.5-year low against the U.S. dollar and a three-year low versus the Euro currency Wednesday.
Of course, they are also making a judgment on the Japanese yen.
All these measures have had an impact on the Japanese yen, which has fallen by nearly 30% against the US dollar since November last year.
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