FX.co ★ USD exceeds JPY 100 for the first time in 4 years

The U.S. dollar has exceeded the level of 100 yen for the first time in four years, informs Agence France-Presse. On May 9, during the Thursday session the greenback cost 100.67 yen. A day before USDJPY traded at 99.01. Last time when the American dollar was traded above 100 yen happened in August 2009.
As the analysts consider, the yen decline is connected with the program of massive asset purchases, presented by the Central bank of Japan in April.
The yen rate has been sliding down since November 2012, however, the measures offered by the Bank of Japan supported the national currency drop.
The BOJ considers that a cheap yen will help the local export oriented producers get higher profits, which is of peculiar importance when numerous Japanese companies demonstrated record losses in 2011-2012.