Japan intervenes in currency market to weaken yen (AP)

Wednesday, September 15th, 2010 /

A money trader reacts at a dealing room at a foreign exchange firm where the U.S. dollar hit the new 15-year low against yen in Tokyo, Japan, Tuesday, Sept. 14, 2010. The dollar fell below 83.30 yen at midmorning in Tokyo, breaking the previous low of 83.35 yen it fetched on Sept. 8. (AP Photo/Shuji Kajiyama)AP – Japan intervened in the currency market Wednesday for the first time in six years to weaken the yen, which had spiked to 15-year highs against the dollar, battering the country’s vital exporters.


Yahoo! News: Asia News

Category: Asia  Tags: Currency, intervenes, Japan, market, weaken
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