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Commodities Briefing - Categorized | Currencies more

Central banks to maintain pressure on Yen

Posted on 21 March 2011

A further move by the world’s major central banks to weaken the yen could come as soon as Monday, though the goal will be to ensure market stability rather than push the yen sharply lower, traders and economists said.
While Monday is a market holiday in Japan, currency traders will be on full alert as trade begins in New Zealand, hours before the Bank of Japan might intervene by selling yen……………………………………….Full Article: Source


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