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- Japan Press: G7 Concerted Yen-Selling Tops Y2 Trln
- One supportive factor for JPY could be crimped in the months ahead
- Coalition of the unwilling…
| Japan Press: G7 Concerted Yen-Selling Tops Y2 Trln Posted: TOKYO (MNI) - Yen-selling interventions conducted by the Group of Seven industrialized nations is estimated to have totaled Y2 trillion to Y2.5 trillion, the Yomiuri Shimbun reported on Sunday. The newspaper said that the European Central Bank, Bank of England ...    |
| One supportive factor for JPY could be crimped in the months ahead Posted: The dollar faces a constant headwind in the markets as Japanese exporters convert dollar-based profits back into their home currency. On average, exporters sell $250 mln per day, every day (based on last year's $60 bln deficit with Japan) just for starters. That's a $250 bln hole that the dollar ...  |
| Posted: Obama had to be dragged into the Libyan conflict by the French. We are truly in bizzaro world. While I am in total agreement that Europe should take the lead in this case, it seems bizarre to me that the US would have to be dragged into the fray kicking ...  |
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