The Japanese yen tumbled today, posting the biggest decline in more than two years, as the nations of the Group of Seven announced that they will jointly intervene in the
Japan’s Finance Minister Yoshihiko Noda said that his country intervened and other nations would do the same when their markets would open. This is the first such intervention in more than a decade. Today’s slump of the yen was biggest since October 28, 2008.
USD/JPY jumped from 79.08 to 81.48 today as of 10:49 GMT after reaching the intraday high of 81.93. EUR/JPY traded at 114.86 after climbing from 110.86 to 115.49.
If you have any questions, comments or opinions regarding the Japanese Yen,
feel free to post them using the commentary form below.
