The Japanese Yen fell to a 3-year low on Friday, the Dollar is poised for its first weekly decline in a month and Bitcoin rose to $60,000 to create a firestorm of instability for safe haven currencies. The Yen fell to 114.4 per Dollar and the Dollar index fell to 93.9, down 2% for the week. Derek Halpenny of MUFG noted, “The lack of upside surprise in U.S. [consumer price inflation] data and confirmation of existing expectations on Fed tapering in the minutes provided no catalyst for additional [U.S. Dollar buying and hence the sell-off.”]
