The Yen's Yo-Yo Stalls as OPEC's Moves Depress the Dollar
The yen is stable for now after the Bank of Japan injected liquidity, and the dollar is dipping on an OPEC move. Your daily FX Fix, right here.
The Bank of Japan injected record amounts into money markets to bolster confidence, and the yen slumped - and then stabilized. [WSJ]
OPEC countries have been reducing their Treasury holdings, and that is depressing the dollar. [businessweek.com]
The euro is stronger this morning as traders digest the eurozone leaders' pact reached early Saturday morning. [CNBC]
Not so fast: China's premier ruled out any acceleration of the yuan's rise. [CNBC]
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