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>> JAPANESE YEN Latest News

APR 05, 2013 - Zero Hedge

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Global Deposit Confiscation Called For By Influential CEO Of Italy's Largest Bank

Gold is higher in most currencies today except the Japanese yen. Gold surged over 3% to 0.149 million yen per ounce yesterday as markets shuddered due to the scale of currency debasement soon to be seen in Japan. While the Nikkei has surged as expected, Japanese 10 year bonds sold off sharply with yields spiking from the all time record lows of 0.334% to over 0.6%. The risks of a bond market crisis or currency crisis in Japan is something we have long warned of. The risk is now very high and hence strong demand for gold bullion in Japan with Reuters quoting sources in Japan who said that ... Read More

Tags: Global Deposit Confiscation Called For By Influential CEO Of Italy's Largest Bank,  Japanese Yen Latest News