Japanese Ministry of Finance Intervention Sinks Yen, But Losses Short-Lived
01 Kasım 2011
| Forex Analizleri
The Ministry of Finance unveiled a ¥3 trillion package to unilaterally weaken the Japanese Yen early in Asian trading on Monday, lifting the USD/JPY from close to its all-time low. Ahead of trading in New York, however, the Yen had already regained some steam.
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The US Dollar is set to yield its strongest gain in three months as Japanese intervention amplifies profit-taking and repositioning...