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Japan provides $100bn credit line to Japanese corporates

The Japanese authorities have stepped in again to stabilise volatility in the yen. The finanica Minisitr Yoshihiko Noda has unveiled a new plan that gives Japanese corporates credit lines upto $100bn when trading and investing abroad. This loans should have a reverse effect on the Yen as exports facing the crunch with the yen reaching […]

FX volumes hit three year high in South Korea

FX volumes continue to show strength as South Korean banks’ foreign exchange trading volume hit a near 3-year high in the second quarter, the central bank announced. The daily average foreign exchange turnover for banks amounted to $47.9 billion in the second quarter, up 3.5 percent from the previous quarter, the Bank of Korea (BOK) […]

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The Japanese authorities have stepped in again to stabilise volatility in the yen.

The finanica Minisitr Yoshihiko Noda has unveiled a new plan that gives Japanese corporates credit lines upto $100bn when trading and investing abroad.

This loans should have a reverse effect on the Yen as exports facing the crunch with the yen reaching new highs against the Greenback.

Central banks have been intervening to protect their currencies and economies suffering.

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