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Excerpt from:  Forex Analysis
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December 18, 2008

Will the Japanese Interfere in the Currency Market?

Japanese yen continues to climb in forex trading
The Japanese yen continues to climb in forex trading on the currency market, especially against the U.S. dollar. Indeed, appreciation by the yen in currency trading is happening so dramatically that the government is considering an intervention.

Tomorrow, a rate cut by the Bank of Japan is expected, but it may not be enough to stop the rapid climb of the yen in currency trading. If the rate cut proves insufficient, the government may take matters into its own hands.
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PermalinkMore on Possible Government Intervention on the FX Market
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PermalinkJapanese Yen in Currency Trading
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.http://www.gftforex.com/land/index.asp?aid=446
Topic Tags:  Bank of Japan, currency market, currency trading, forex trading, forex trading currency market, Japanese yen forex trading, rate cut, yen currency trading
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