Friday, October 29, 2010

Intervention of Japan Plots Next Yen

Almost a month has passed since the Bank of Japan (BOJ) intervened in the forex markets against the Japanese yen. During a trading session, he spent a record $ 2.1249 trillion yen (US $ 25.37 billion) to obtain a 3.5% jump in yen. Since then, the yen continued to appreciate and now it seems that it's only a matter of time before the BOJ intervenes and again.

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