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Japan's Political Drama May Expedite Intervention in the Yen

posted by Avatar fx360 526 days ago in JPY, Daily made popular 526 days ago

Ichiro Ozawa who is mounting a leadership challenge for the ruling Democratic Party of Japan stated last night that the government must stop rapid rises in the yen. However he acknowledged that there was limited scope for BOJ to act alone on the issue and conceded that FX intervention without coordinated action by G-3 may not have much effect.
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