16.02.2009 - Yen rises as G-7 avoids talk of currencies amid Japan’s slump

From Bloomberg: The yen rose after finance ministers from the Group of Seven nations said the “severe” global slump will persist for most of 2009 and Japan’s economy shrank by the most since 1974, spurring investors to sell riskier assets. The yen snapped two days of losses against the dollar and the euro as G-7 officials refrained from making any statement to support efforts by Japan to weaken its currency..... Full Article: Source

Print