The Dollar Against Yen On Finance News

The Dollar Against Yen On Finance News: The dollar has hit an all-time low against the Japanese yen amid global uncertainty and the projected more cash flowing into Japan pushed its currency higher. The dollar fell as low as 76.54 against the yen in late trading Wednesday, Despite Japan’s turmoil, Japanese corporations are expected to repatriate vast amounts of capital. Those funds are currently tied up in foreign markets but will be needed to facilitate rebuilding. At this point, most analysts see global risk as the dominating factor for the yen's rise. If the yen stabilizes it may allow Japan to turn its attention to other matters such as calming equity markets and starting the rebuilding process.