Monday, Oct 27, 2008
Currencies take centre stage
Timesonline: G7 'preparing to drive down the yen'
Members of the Group of Seven (G7) nations may be considering a joint market intervention to prevent a further surge in the yen as the Japanese currency’s sharp rise threatens the world’s second biggest economy and other Asian economies.
Posted by flintster1994 @ 01:23 PM (323 views) Add Comment
5 Comments
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1. japanese uncle said...
How can they manage to do this,.involving nearly all major currencies?
2. Fjcruiser said...
pure propaganda. G7 if you have nothing constructive to say, dont say anything.
3. peter_2008 said...
By printing more Japanese Yen, while other country burning their currencies on a BBQ set?
4. crash n burn said...
Sell out Yen Central bank holdings
5. mountain goat said...
Is the yen strength all about the carry trade unwinding? I can't see how they can stop that.