USD/JPY: Samurai Plummets as Noda Pushes Through a General Election

Yesterday’s reports about the dissolving the Japanese government’s Lower House led the Yen to plunge by 91 pips against the American dollar. Prime Minister Yoshihiko Noda’s move to break up the Lower House amid constant pressure from the opposition and from Democratic Party of Japan members, who wanted him to step down, is perceived to wane the Samurai further.

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