Monday, October 17, 2011

Dow Jones: Japan government to unveil new steps against strong JPY as early as next week

USD/JPY soars to 77.30.

A 77.50 barrier is in play?

Remember just yesterday an official of the ruling DPJ party advocated a tax of Forex speculation to weaken the JPY.

UPDATE: The plan won?t include an FX tax, DJ reports. It may include boosting a fund set up to finance overseas M&A. The steps will likely be finanlized next week for inclusion in an extra budget.

Source: http://feedproxy.google.com/~r/forexlive-rss/~3/2cDANElV5tQ/

barry sanders barry sanders tim allen enlightened enlightened stand and deliver sean hannity

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