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The Japanese yen extended its rally today, erasing its loss, because the Bank of Japan Act to weaken the currency and causing speculation that the Bank could take another intervention. The yen also climbed versus the British pound, but fell against the euro.

Japan intervened on September 15 to curb the yen advances that could affect exports of the nation.This moved left yen significantly down but there was no long-term effect as currency immediately began nuevo.El increase upward momentum is so strong that even yesterday's decision of the Bank of Japan to take measures to stimulate the Japanese economy not had much effect on the yen rally.

Japan seems to be unable to compete with the United States with its quantitative easing, which moves the dollar down ahead of other monedas.Como other countries start attempts to limit gains their currencies arise concerns about the "currency war", as it was called by the Brazilian guy Mantega Hacienda Minister.The Minister of finance Yoshiko Noda said that it has been prepared to explain the reasons for the intervention of Japan to the G7 counterparts.

DOLLAR / Japanese YEN as of 21: 36 GMT today, after the descent to 82.75 fell from 83.22 to 82.89, the lowest level since the intervention of Japan. EUR JPY went from 115.16 to 115.46 once fell to intraday 114.68.GBP/JPY passed 132.21 to 131.69.

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