Money exchange currency 'Yen' most solid record
Money exchange currency 'Yen' most solid record
Yen exchange rate moved strongest record on December 17, amid rumors that the company and the insurance industry in Japan. Money must be immediately returned to the reconstruction and pay claims. The Bank of Japan to accelerate the infusion of liquidity into the money market to add another top 6 trillion yen (U.S. $ 76,000 million), while the Minister of Finance and Governor of the Bank AG -7 countries prepare national discussions on the 18th. On financial and economic impact of great earthquake disaster - tsunami. Min - nuclear crisis in Japan, however, the Minister denied that Japan came out. No need to leave the G -7 operating together to stop the surge of the yen.
Reuters news agency reported. Trading in Electronic Money Exchange DBS Asia on the morning of Thursday It appears that there are over one Yen, up just 76.25 yen to apply it to redeem $ 1 rise from levels close to 4% the day before and also record the appreciation of each other ever recorded. The record was made at 79.75 yen on April 19, 1995 Though later on the Thursday Japanese currency will weaken to the level of 79 yen per dollar neighborhood. Atmosphere of trading volume and volatility changes in relatively fast. Light of the money exchange rate
The same time, the Tokyo Stock Exchange early on Thursday in the Nikkei share index was down over 4% weight before rebounded back off the market and have some negative 1.4%.
Due to the uneasy about the critical nuclear power full loan Shima Daiichi, which was an explosion and fire, including four times after the earthquake sizes severity to 9.0 and cause a tidal wave tsunami height of 10 meters. collapse swept northeast coast of Japan's three great disasters compounded 3 stacked like this makes the stock exchanges rate in the world dive severely Equivalent to the amount of money to shrink, it is several hundred million dollars. But while the yen exchange rate to soar higher in opposite directions.
Some dealers indicate that The strong Japanese currency this Because they want to jump up. When a player on the market in some cases seems to be buying the yen winch. They speculate that because the Japanese companies to send funds back to the country. For use in the reconstruction are also anticipated the same time, speculation that well. Their insurance company of Japan. Will be forced to bring money home as well. Prepared to pay compensation for damage from a massive earthquake.
Also described another along one of their traders in the market that From selling shares that are to hard on 14 and 15, past their banks and foreign institutional investors has a higher role in the purchase of shares which Level is very low cost. Thus, these banks are having a busy raising cash to pay the Yen. Account for the purchase of the same time after the earthquake. The Bank of Japan, they are not willing to lend. With concerns that may have come to cash out quickly unpacked This condition has forced foreign institutional investors rely on the market forwards and swaps market to buy yen to pay money account. This has contributed to the yen appreciated strongly.
The Minister and the Governor of the Central Bank of the seven leading industrial countries of the world (G -7), it is scheduled to discuss the meeting Special Effects Lawrence at 7:00 pm Tokyo time today. (meet at 05.00 am in Thailand) by several news sources said. To have a dialogue about the impact of financial and economic disaster due to the financial markets in Japan, while expected to speculation that. Japan might be re State measures to intervene in the market with the purpose to extract. The yen dropped.
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