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Possibility of a Coordinated G7 Intervention Increase
Fears of a growing malfunction at the nuclear reactors in Japan drove USDJPY down to all time lows overnight, but the Nikkei was able to hold on to some of yesterday’s gains by only dropping -1.44%. In regards to the JPY, we expect a coordinated response from members of the G7 is imminent. In the last 24hrs we heard US Treasury Secretary Geithner make an offer of assistance to the BOJ and Finance... ...More...
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