Against constant dollar downing, the Bank of Japan will carry out hardly intervention shortly before meeting G7, on which currencies will be in attention focus. It is no wonder was to see falling USD/JPY till 82.40 in this morning that became a new fifteen-year minimum. Record-breaking the low level for this pair has been fixed at 79.75 on April, 19th, 1995. Though Tokyo can not be pleasant force of the currency against dollar, it isn't lonely. For example, Thai бат has reached a thirteen-year maximum against dollar at night. Despite the huge attention, which strengthening of yen has involved this year, against the Asian competitors it practically hasn't changed, except for 5 % of growth against yuan and rupiah Indonesia.
Japan, as well as the USA, and many other countries, clearly lets know that wants, that China has ceased currency interventions to relieve the tension with yen. However, as we have understood yesterday after the summit of China and EU, the management of this country connects strengthening of yuan with considerable economic risks. The international tension round this currency, unconditionally, will remain still any time. In the meantime, it is difficult to understand, why weakness of dollar should end, considering state of the economy of the USA. So the bank of Japan still will defend hardly certain level USD/JPY.
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