Exchange Rates

Japan’s Finance Minister Hints at Intervention to Curb Yen Growth

Posted by Scott Boyd at 9:08 am UTC, 09/08/2010

With the yen maintaining a 15-year high against the dollar, Japan’s Finance Minister hinted that the government will take action to devalue the yen in a bid to support Japan’s all-important exports. Despite the suggestion that intervention is in the cards, investors continued to push the yen higher to 83.4 yen to the dollar by Tuesday’s close.

Source: BBC News

Filed under: Forex Round Up, JPY

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