This is nothing new.with the Japanese yen on the rise again against the U.S dollar all eyes are on the Japanese central bank.if things hold true to form then the Japanese central bank will intervene shortly to make sure that the Yen stays undervalued.this sort of intervention is causing havoc amongst the other Asian currencies and it is high time that Japan let the yen 'float free'.as such this is ripe time for the forex traders to buy the yen and then sell it as soon as the yen starts to weaken against the dollar which will happen as soon as the Japanese central banks intervene.so may sure that you cover all the press releases or interviews by any staff of the Japanese central banks as they are sure to give some hint as to the timeline!
japan,yen,united states,currency,
Friday, September 21, 2007
Japanese yen on the rise again??
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