The yen fell for the first time in six days and the Nikkei 225 Stock Average pared its worst week since 2008 after central banks intervened to weaken Japan’s currency. Oil rallied on concern tensions in Libya will escalate.
The yen depreciated to 81.29 per dollar as of 9:38 a.m. in Tokyo from 78.89 yesterday. The Nikkei 225 jumped 2.8 percent, paring its weekly slump to 10 percent, and the MSCI Asia Pacific Index was little changed. Futures on the Standard & Poor’s 500 Index climbed 0.5 percent. Oil gained 1.4 percent in New York after the United Nations Security Council voted today to ground Libyan leader Muammar Qaddafi’s air force.
G-7 nations started joint intervention in the foreign exchange market for the first time in more than a decade after the yen soared to a post-World War II high, threatening Japan’s recovery from the March 11 earthquake. Water cannons may have had some success in cooling one reactor at Tokyo Electric Power Co.’s damaged Fukushima nuclear plant, even as the UN nuclear agency said the situation remains “very serious.”
..bulan depan lak tgk camana..yahhooo..
(..ingat nak rehat..terjebak balik..gara2 GU cun untuk di sell..
