Forex Trading News Japan’s Former MoF Sakakibara on the Wires

Written January 15, 2009 at 1:25 AM EST by  

Japan Former MoF Sakakibara: Reiterates that USD could fall under ¥80 in H1 2009, could cause Japan to intervene

- Says incoming Obama administration may seek weak dollar

***Note: Remarks similar to ones made back on Nov 4th
*** Reminder USD/JPY all-time low was 79.80 back in 1995

 
The USDJPY did soften up slightly following these comments.

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