Monday, August 16, 2010

Intervention worries make Euro/Yen easier sell than USD/Yen

With news today that China has been and will continue to diversify into Euro and Yen and away from the USD; and that Japan's former top currency official, Eisuke Sakakibara, warning that the Yen may rise to a record against the USD due to concerns over the health of the U.S. economy; the Euro may bear the brunt of Yen intervention jitters...

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