Posts Tagged ‘tokyo’
Yen Intervention Take Three – Reminder That There Are No Safe Haven Currencies
Japanese leaders intervened for the third time this year as JPY strength below 77 yen/usd is clearly constraining a recovery in the world’s third largest economy. Japanese Finance Minister, Jun Azumi, announced a unilateral move with an additional pledge to keep selling in the future. The action took place because Japan believes the yen strength…
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