Currency Markets Assimilate Euro Agreement and Yen Intervention-What is next?

The results of last week's euro summit and today's intervention in the yen by the Japanese Government have a familiar ring.  As Yogi Berra once said this is Deja vu all over again.The Brussels summit produced an agreement that was long on aspirations to achieve  comprehensive solutions for the debt and banking crisis, but short on details how this would be accomplished.  If you ... … [Read more...]