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.
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