Bloomberg News

Citi's Elmer Expects Yen Will Continue to Strengthen

June 03, 2012

Todd Elmer, head of Group-of-10 foreign-exchange strategy for Asia excluding Japan at Citigroup Inc. in Singapore, talks about the outlook for the yen, euro, U.S. dollar and his trading strategy.

After depreciating 10.4 percent in the first quarter, the most since 1995, the yen is up 13.4 percent since March, the best among 10 developed-nation currencies, according to data compiled by Bloomberg. Elmer speaks with Susan Li on Bloomberg Television's "First Up." (Source: Bloomberg)

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