Dollar and Yen Fell on Divergence Global Monetary Policies Weakness in dollar and yen remained the main theme in the markets last week. Both were pressured by view on diverging global monetary policy. Revival of carry trades sent major currencies sharply higher against both dollar and yen while commodities also made impressive bullish run. Concern of temporary government shutdown sent the greenback further lower towards the end of the week. Meanwhile, yen tumbled as BoJ maintained its ultra loose monetary policy and announced a post-quake easing program. Some recovery might be seen in the greenback in the early part of this week as US lawmakers reached a last minute agreement on budget on Friday which avoided a government shutdown. But the overall outlook in dollar would continue to remain weak. Full Report Here... | 
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