The yen slumped for a fifth week against the dollar, the longest streak since March. Japanese opposition leader Shinzo Abe, an advocate of unlimited monetary stimulus, is projected to win weekend elections. The 17-nation euro gained against all of its major peers after European Union finance ministers agreed to put the European Central Bank in charge of the area’s lenders.
Yen drops for fifth week before this weekend’s elections
By Quartz Staff
This article is more than 2 years old.