×

Japan Yen Deal Boost for Economy: Currency Strategist

1:00 AM ET Wed, 24 Aug 2011

"As far as I can see, this deal is specifically aimed at providing support for companies that have suffered through the strength of the yen. That seems a far more sensible thing to do then actually try and take on the strength of the yen itself," Simon Derrick, chief currency strategist at BNY Mellon, told CNBC.