The Japanese yen soared across the board on Thursday - GEPL Capital
News / Other data
* The Japanese yen soared across the board on Thursday after monetary authorities intervened in the foreign exchange market to boost the battered currency for the first time since 1998, although analysts said Japan may struggle to keep the yen strong.
* Nations are being forced to go it alone in erecting defenses against the relentless strength of the almighty greenback, with no sign that governments are willing to act in concert.
* Japan intervened in the foreign exchange market on Thursday for the first time since 1998 to shore up the battered yen, in the wake of the central bank's decision to maintain ultra-low interest rates that have hammered the currency. [nL1N30S30X].
* The Russian rouble soared past 59 to a one-month high against the dollar on Thursday and gas giant Gazprom (MCX:GAZP)'s shares dragged resurgent stocks higher, as Russian markets recovered ground lost after the Kremlin ordered a partial military mobilisation.
* Japan intervened in the currency market on Thursday for the first time since 1998 to shore up the battered yen, in the wake of the central bank's decision to maintain ultra-low interest rates that have been driving down the currency.
Data inference
* 'Actual' greater than 'Forecast' is good for currency
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory