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Intervention pulls yen back from record high

16/06/11 @ 06:15 GMT

Financial Times

Simon Smith at FxPro said the decision by the G7 to intervene and weaken the yen was both intelligent and necessary. "The appreciation of the yen against most major currencies over the past week was merely compounding the post-disaster economic and financial misery the country is already experiencing," said Mr Smith.

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FxPro is an award-winning forex broker providing retail and institutional offerings to clients in 150 countries. FxPro offers trading access through a range of platforms including the innovative ECN platform – FxPro cTrader - supported by industry-leading market news and outstanding levels of customer support 24 hours a day. FxPro’s goal is to be the world’s preferred forex broker and it has become the first choice for forex traders needing user-friendly market access and superior trading infrastructure.

With offices in the United Kingdom, Austria, Cyprus, France, Russia and Spain, FxPro Financial Services Limited is authorised and regulated by the Cyprus Securities and Exchange Commission, under licence number 078/07, and operates under the EU Markets in Financial Instruments Directive (MiFID).

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For further information, please visit www.fxpro.com.

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