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Just reading……

By   || March 12, 2010 at 08:50 GMT
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About comments made by Japanese PM Hatoyama in parliament. He feels the government needs to take steps against the yen’s recent strength, which he says doesn’t reflect Japan’s economic and industrial conditions (which as we well know are pretty dire) Hatoyama went as far as to suggest joint international action to address the issue.

USD/JPY steady around 90.55, but yen has weakened on major crosses.  EUR/JPY is up at 124.25 from early 124.05, while GBP/JPY up at 136.85 from early 136.45.

US investment house apparently out tipping USD/JPY at 109 by year end.  I’m with those guys (and gals)

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One Response to “Just reading……”

  1. david on March 12th, 2010 10:19 GMT

    Dunno about 109, but I’m with them on direction.

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