WSJ: Yen, Dollar Climb Despite Possible G-7 Action
LONDON -- The yen continued to push ahead and the dollar rose in Europe Monday, despite a statement from the Group of Seven leading industrial nations finance ministers earlier in the day threatening intervention.
Some analysts reckon that the G7 central banks could take coordinated action to halt the yen's sharp advance as early as this afternoon. (See related article.)
"The New York morning today may provide an ideal opportunity for them to make a clear statement of intent," said Simon Derrick, a senior currency strategist with Bank of ...
