#1: １搞２头: The Nikkei Surges Following G7 Plan (1418 reads) 作者: emperorfan, 时间: 2011-3-18 周五, 09:54 — 作者：emperorfan 在 谈股论金 发贴, 来自【海归网】 http://www.haiguinet.com
The G7 countries have agreed to some kind of coordinated intervention to weaken the yen.
Following this, the US rally, and the nascent signs of turning a corner at the nuke plant, the Nikkei is up about 2.5%.
And look at what dollar-yen is doing on the intervention news!
看来YCS赌对了
G7 Agrees to Coordinated Global Intervention; Dollar Jumps Versus Yen
G7, INTERVENTION, CRISIS, YEN, AUSTRALIAN DOLLAR, AUD, JPY, DOLLAR, USD, FX, MARKETS, NODA, JAPAN EARTHQUAKE, TSUNAMI, CURRENCY, CURRENCIES, LEADERS
Reuters
| 17 Mar 2011 | 09:16 PM ET
The Group of Seven industrial nations agreed on Friday to jointly intervene in the currency market to stem a sharp yen rise that complicates Japan's battle with the devastation caused by last week's violent earthquake and an unfolding nuclear crisis.
"Given yen moves after the tragic events that hit Japan, the United States, Britain, Canada and the European Central Bank have agreed with Japan to jointly intervene in the currency market," Finance Minister Yoshihiko Noda told reporters.
Japanese authorities will buy dollar/yen in the market from 9 a.m. Tokyo time (midnight GMT). Other central banks will act when their markets open, Noda said. He declined to comment on the size of Tokyo's intervention.
"When Japan is in such a state, it's extremely meaningful for G7 countries to cooperate and take coordinated action to stabilise financial markets," he said.
The dollar spiked about 2 yen to above 81 yen on Friday, after the news, moving away from a record low against the Japanese currency hit earlier this week.
Tokyo last intervened in the currency market on its own on Sept. 15, 2010, when it sold 2.13 trillion yen, a record amount for a single day.The dollar spiked about 2 yen to above 81 yen on Friday, after the G7 agreed on joint intervention in the wake of the yen's surge to a record high the previous day.
