http://www.bloomberg.com/news/2011-08-04/yen-slumps-after-japan-intervenes-to-curb-rise-most-asian-stocks-advance.html?cmpid=
The yen sank 3 percent to 79.39 per dollar at 3:22 p.m. inTokyo, set for the largest intraday loss since March 18, when the Group of Seven nations jointly sold the currency. Japan’s 10-year bond yield slipped below 1 percent. The MSCI Asia Pacific Index fell 2 percent, Standard & Poor’s 500 futures added 0.3 percent, while Euro Stoxx 50 futures gained 1.3 percent. Oil fell for a fifth day in New York, gold was within $10 of its all-time high, while zinc snapped a six-day slump.
The yen sank 3 percent to 79.39 per dollar at 3:22 p.m. inTokyo, set for the largest intraday loss since March 18, when the Group of Seven nations jointly sold the currency. Japan’s 10-year bond yield slipped below 1 percent. The MSCI Asia Pacific Index fell 2 percent, Standard & Poor’s 500 futures added 0.3 percent, while Euro Stoxx 50 futures gained 1.3 percent. Oil fell for a fifth day in New York, gold was within $10 of its all-time high, while zinc snapped a six-day slump.
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