March 18, 2011. G-7 to intervene in Japanese yen
| SOURCE: | Altegrity Risk International |
Finance ministers from the Group of Seven (G-7), including Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States, agreed on March 18th to jointly intervene in currency markets for the first time to battle volatility in the Japanese yen, reports indicated. The announcement came after the yen hits its highest level against the U.S. dollar since the Second World War.
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