wagyl wrote:Whether you welcome the recent changes in exchange rates or not, I wonder if this will influence the trend.AAP via EssaBeeEssa wrote:Japan has rejected claims it is orchestrating a slide in the yen, a day after German leader Angela Merkel voiced concern over the new government's exchange rate policy.
"The criticism that (the government) is manipulating the currency rate is completely off the mark," Finance Minister Taro Aso said on Friday.
His comments in the online edition of the Nikkei business daily are the latest in a simmering row, with critics saying Tokyo's pressure on the central bank amounted to meddling that could spark a global currency war.
bringing the rest of the article back home
US is starting to get upset about the whole J-Gov intervening as well but at the end of the day, no way to really stop them from devaluing the yen. (though I also think there is no good way to stop the yen from sliding to 150~200 territory)