Yen drops for fifth week before this weekend’s elections

A link from Bloomberg

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.

home our picks popular latest obsessions search