Yen Rebounds as BOJ and Fed Interest Rates Converge, Easing Currency Depreciation
- Yen reverses downtrend as BOJ and Fed policy rates set to move closer
- Yen had dropped to 151.80 to the dollar in September, near 33-year low
- Weak yen bad for inflation but boon for Japanese exports
- Weak yen increases value of exporters' overseas revenue when converted to yen
- Weak yen gives Japanese exporters room to breathe