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In the Asia forex market, the implied volatility forex option of USD/JPY goes up.
The forex investors have increasing demands to the hedging forex rate and uplink risk, because USD/JPY soared to 1.00 Yen once. At Beijing time 12:15, Yen was weak suddenly, USD went up to 85.40 from 84.60 within few minutes, hit the highest point in session. The Japan government refused to make comment on the rumor of conducting intervention to forex market. One of the Japan officials revealed that the president of United States and the Prime Minister of Japan Naoto Kan did not talk about the event of recent intervention to the forex market in the meetings. |
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