G-7 intervening to halt yen’s post-quake rise

new true religion jeans Whether joint intervention will be effective in the longer term remainsto be seen, but the dollar /quotes/comstock/21o!x:susdjpy (USDYEN 81.8000, +2.8000, +3.5443%)  surged after the news on Friday, buying 81.71 yen, up from alevel of around ¥79.14 before the announcement. Other currencies also gainedsharply against the yen after the announcement Read currencies storytrue religion jeans outlet

 

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 “If the Bankof Japan decided to go in unilaterally, then the market psychology would bedifferent, and traders would be perhaps prepared to take on the Bank of Japan,and it would end up being a very expensive exercise for them, and they mightachieve very little,” he said. fashion true religion jeans