Bank of Japan pushes down yen

Article Abstract:

The Bank of Japan may have purchased yen worth $3 billion (2.77 billion euros) in an attempt to prevent the US dollar from declining below the psychologically-vital level of 115 yen. Traders said the bank was ordered to make the purchase by the Ministry of Finance.

Japan, Acquisitions & mergers, Mergers, acquisitions and divestments, Company acquisition/merger, Dollar (United States), Yen (Japan), Japan. Bank of Japan

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Asian nations unlikely to let currencies rise

Article Abstract:

Nations in Asia are not expected to allow the value of their currencies increase. Some economic analysts believe however, that stronger economic conditions and political pressure will bring about a rise in Asian currency values.

Forecasts, trends, outlooks, Asia, Economic aspects, Forecasts and trends, Market trend/market analysis

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