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Category: Money

Dollar Spikes Against Yen

Written on August 04, 2011 by Japhet Writ

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Just 18 hours after Switzerland announced its interest rate cut, US dollar made an instant spike against Yen.

At 3:00 AM ET last Wednesday, announced an in order to cool the . Then 18 hours later, – which is crushed by a surging currency – made its move. Or so it seems.

As indicated by the chart posted below, the US Dollar just made a very unnatural instant spike against .

With talking about the unusual strength of Yen, this likely coming has been in the cards for the wire.

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