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Friday, March 25, 2011

Japan nuclear critical appreciation of the yen under the influence of intervention

Japan and the eurozone debt crisis raised fears the nuclear crisis, under the influence of risk aversion, cross under pressure of the yen, but the yen by Japan's Central Bank and Japan joint intervention of the Ministry of finance and G7.

Japan still does not reduce the nuclear crisis Tokyo, Fukushima power company is trying to repair the first nuclear power plant's cooling system to prevent environment pollution by nuclear radiation further disclosure.

experts say the first nuclear power plant affected by the tsunami, most severe impact damage, may now be still not cooling. Japan Kansai Tetsuo Ito, Institute of Atomic Energy, said: "at present, first possibility of nuclear power plants internal temperature high is very large. "He also warned that may have been partially melted reactor fuel rods, the situation is very grim.

on the foreign exchange market, dollar/Yen near the 81 greenback shock, Japan Pension Fund, Japan post simple insurance Council (Kampo) sell order may be in 81.3 per cent, concerned about Japan's Central Bank and Finance Ministry intervention, below the stop loss is 80. GBP/JPY at 131.40-45 near the sell order at 132.