Newsclip®: [Business] Yen Surges On US Warnings Against Japanese Intervention - Action Forex

"Yen Surges On US Warnings Against Japanese Intervention During the gathering of central bankers and finance ministers at the G7 meetings in Japan on Saturday, the US reiterated warnings to its host against intervening to weaken the yen. In the weeks prior to the meetings, Japanese officials had been issuing an intensifying stream of intervention rhetoric attempting to justify Japan's readiness and willingness to take action in the event of exceptional yen volatility (or perhaps more accurately, yen strengthening). Partly as a result of these public comments and the resulting potential risk of an actual intervention, the yen had been weakening since early May, pushing up the USD/JPY currency pair from its recent long-term lows.Forex, Forex Portal, Forex Trading. Forex Trading Recommendation, Forecast, Trading Signal, Forex Training Course, Education, Tutorial, FX Book, Forex ebooks, Learn to Trade Forex, FX Guide, Currency Rates, Forex Secret, Forex Brokers, Currency Trading", www.actionforex.com


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