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To: Rangle who wrote (45484)5/21/2012 2:56:09 PM
From: Bucky Katt1 Recommendation  Read Replies (1) | Respond to of 48461
 
I have no idea, it looks like a lost cause.
The ipo of FB prolly brought a lot
of new sheep into the market.
They now realize it is rigged.
And they got sheared...

It warms my heart



To: Rangle who wrote (45484)5/27/2012 10:09:31 PM
From: joseffy  Respond to of 48461
 
Yen-yuan direct trading to start in June

Japan Today ^ | May. 27, 2012
japantoday.com

Yen-yuan direct trading to start in June Exchange rates between yen and yuan will be determined by their transactions, departing from "cross rate" system

Japan and China are expected to start direct trading of their currencies as early as June as part of efforts to boost bilateral trade and investment, according to reports.

With the planned step, exchange rates between the yen and the yuan will be determined by their transactions, departing from the current “cross rate” system that involves the dollar in setting yen-yuan rates, Kyodo News said on Saturday.

The two governments are eyeing setting up markets in Tokyo and Shanghai, the Yomiuri Shimbun said.

The yen-yuan exchange system would help businesses in the world’s second- and third-largest economies reduce risks associated with exchange rate fluctuations in the dollar and cut transaction costs, Kyodo said.

It will be the first time that China has allowed a major currency except the dollar to directly trade with the yuan, Kyodo said.