Japanese Yen (JPY), Daily Review, March 15th 2010

15 March 2010 @ 07:01 am EDT

The Yen fell against all 16 of its most-traded pairs as Japanese officials said the government is ready to intervene to keep the currency from strengthening. The concern that tension between the US and China will escalate also helped the Yen strengthen. Failing the breach of 90.80 levels will cause the pair to decline back below 90 levels. Overall, USD/JPY traded with a low of 90.15 and with a high of 91.07. Today, no major economic data is expected.

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