22.03.2011 - G-7 shouldn’t claim a currency victory just yet
The G-7 will probably soon be able to claim another currency victory, but not just yet. Since Friday’s coordinated intervention, only the group’s sixth in 30 years, the yen has stabilized, with the dollar trading well over ¥80. The sheer increase in yen liquidity, an improvement in global risk appetite over the weekend, and a renewed focus on inflation pressures around the world are all helping to reduce the risk premium in the Japanese currency for now..............................................Full Article: Source
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