Dollar Slips Against Yen Due to Shutdown

Another casualty of the current federal shutdown is the dollar's performance against the Japanese yen in foreign exchange.

According to Investing.com:

The dollar slipped lower against the yen on Monday, re-approaching recent five-week lows as ongoing uncertainty over the U.S. government shutdown and the risk of a U.S. debt default weighed. 

USD/JPY hit 97.03 during late Asian trade, the session low; the pair subsequently consolidated at 97.09, shedding 0.38%. 

The pair was likely to find support at 96.30, the low of August 7 and resistance at 97.47, Friday’s high. 

Republican House Speaker John Boehner said Sunday the House will not support bills to fully reopen the government or increase the U.S. debt ceiling unless Democrats agree to talks about spending cuts.

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