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'Blog Archive ? Japan intervenes to tame soaring yen ahead of G20' expats


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Blog Archive ? Japan intervenes to tame soaring yen ahead of G20

-- expats
Forum Post
10/31/11 07:54
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Blog Archive ? Japan intervenes to tame soaring yen ahead of G20

Thank author of this post/comment21-Oct (Reuters) - Japan sold the yen for the second time in less than three months after it hit another record high against the dollar Monday, saying it intervened to counter excessive speculation that was hurting the world's No. 3 economy. The intervention vaulted the dollar more than 4 percent higher, which would mark its biggest one-day gain in three years, and Finance Minister Jun Azumi said Tokyo would continue to step into the market until it was satisfied with the results.

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• currency • tokyo • speculation • g20 • japan • currency war • global currency • safe haven •
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