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View Full Version : Yen Heading to New High as No Intervention in Sight With Fed Rates on Hold - Bloomber



NewsWhore
06-20-2011, 04:20 PM
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Yen Heading to New High as No Intervention in Sight With Fed Rates on Hold (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNG_CLqvdqTgHfChKNSyaX5FoSZu3Q&url=http://www.bloomberg.com/news/2011-06-20/yen-heading-to-new-high-as-no-intervention-in-sight-with-fed-rates-on-hold.html)
Bloomberg
A surplus in Japan&#39;s current account, the broadest measure of trade, means the nation doesn&#39;t rely on foreign capital to finance a budget deficit, making the currency a haven for traders. Photographer: Tomohiro Ohsumi/Bloomberg As the yen rallies to ...

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