Currency intervention may be required by Japanese Government

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Currency intervention may be required by Japanese Government

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11-27-2009, 10:11 AM

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Currency intervention may be required by Japanese Government

The US dollar continued its slide today against the Japanese yen, falling to a 14-year low.The greenback dipped to 84 yen - its lowest level since 1995, due in part to the Federal Reserve indicating that US interest rates will remain low.Earlier this week, Yutaka Miura at Mizuho Securities said: “This yen strengthening is caused [...]

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