The Japanese Yen tumbled further down to a 7-month low against the US Dollar on Wednesday and went on to reach similar low levels against the Euro.
The poor Yen form is a direct result of political pressure on the Bank of Japan's central bank as it is being pushed into implementing more radical monetary expansion policies.
Meanwhile, the Euro remained steady close to recent 2-week highs against the US Dollar. The currency is buoyed by optimism that Euro Zone finance ministers will agree to release funds to Greece after all the endless debate on ways to reduce Greek debt to more sustainable levels.
The poor Yen form is a direct result of political pressure on the Bank of Japan's central bank as it is being pushed into implementing more radical monetary expansion policies.
Meanwhile, the Euro remained steady close to recent 2-week highs against the US Dollar. The currency is buoyed by optimism that Euro Zone finance ministers will agree to release funds to Greece after all the endless debate on ways to reduce Greek debt to more sustainable levels.
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