Video: Forex News – Japan Intervenes, Yen Soars

Posted by uspost Finance Thursday, September 16th, 2010

Japan’s Ministry of Finance unilaterally intervened in the currency markets, selling the Yen. The results showed strong swings in the USD/JPY, EUR/JPY, GBP, and others. It was the first intervention in currency markets for Japanese authorities since 2004. US stocks, which opened weaker due to some weak manufacturing reports, rallied and turned positive, helping to [...]