Forex Forum
Aeron News => Forex Market: News/ Trend/ Technical Analysis => Topic started by: Hemant on March 19, 2011, 05:09:18 am
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Yen Falls on International Effort to Control Rally
The yen, which saw its rates skyrocket after a massive repatriation of funds to Japan, fell today as a massive international plan was orchestrated to control the Japanese currency advance.
The G7, a group which sums up the world's most influential political and financial powers stated that will take measures and support Japan to control its currency advance, easing the pressure on the yen which posted the sharpest fall in two years today.
Source: Yen Falls on International Effort to Control Rally (http://www.marketracks.com/forex/yen-falls-on-international-effort-to-control-rally/forward/223/)