Japan Intervenes to Push Yen Lower; Nikkei Rallies
By:
DailyFinance.com
Posted on September 15, 2010 at 06:15 AM EDT
Japan finally intervened in foreign exchange markets for the first time since 2004 to stop the relentlessly rising yen, pushing it sharply lower. As a result, Japanese stocks surged over 2%, led by exporters. Following Tuesday's win of Prime Minister Naoto Kan in a party vote, the yen set a fresh 15-year high. But a persistently rising yen -- it jumped more than 11% against the dollar so far this... Continue reading Japan Intervenes to Push Yen Lower; Nikkei Rallies Japan Intervenes to Push Yen Lower; Nikkei Rallies originally appeared on DailyFinance on Wed, 15 Sep 2010 06:15:00. Filed Under: Honda Motor Co , Sony , Toyota , Currency , Stocks in the News Permalink | Tweet this! | Comments
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