Japanese Prime Minister Dismissed; Yen Drops

Secretary-general Ichiro Ozawa of Japanese prime minister Yukio Hatoyama’s party, have asked Hatoyama to step down from his post, Yukio Ubukata, the vice secretary- general of the party said in a TV Asahi program Sunday, according to Bloomberg. There’s now a frenetic  activity in the forex markets.

 

Prime minister of Japan, Yukio Hatoyama

 

Secretary-general Ubukata says he expects both to resign before an upper house election next month.

Hatoyama refused to resign during a meeting of senior party officials yesterday, Kyodo News reported.

These short messages have triggered frenetic activity in the forex markets, with the yen dropping against most major currencies.

The Asian markets are about to open, but we can clearly see the reaction in the markets.

HERE’S SOME SNAP SHOTS AT 11:30 PM CET

GBPJPY:

.

USDJPY:

EURJPY:

.

Related by The Swapper:

Japan Struggle To Weaken Yen

Currency: The Weapon of Choice in Trade Wars

IIF Warns Of Dollar Collapse

New Japanese FX Intervention Fail; Gold At $1300

EUR Knocked Off Its Pedestal

Confusion Reigns

Japanese FX Intervention: A Game Changer

 

Advertisements

3 Comments

Filed under International Econnomic Politics, National Economic Politics

3 responses to “Japanese Prime Minister Dismissed; Yen Drops

  1. Pingback: World Spinner

  2. Pingback: World Wide News Flash

  3. Pingback: Tweets that mention Japanese Prime Minister Dismissed; Yen Drops « The Swapper -- Topsy.com