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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 1558
Posted: Feb 22, 2010 5:00
Comments: 1558
Forum Topic:
JPY
Discuss JPY
"..traders initially feared intervention, but reports are
now coming in of some aggressive buying from US funds.."
Wires reporting comments from finmin Noda:
- Will keep watching FX markets closely
- Problematic to have such currency movements continue
- FX moves don't reflect econ fundamentals
From MNI FX Bullets
CHINA PRESS: The Chinese central bank will raise interest rates in the
near future, the official China Securities Journal said in a front-page
editorial Thursday, arguing that the monetary conditions driving
inflation haven't been addressed yet. It said consumer inflation in June
is very likely to exceed 6% y/y following May's 5.5% rise.
Ashraf