Friday, May 25, 2007

Yen Falls After North Korea Test-Fires Missiles Into the Sea of Japan

(Bloomberg) -- The yen fell against the dollar and
euro after North Korea test-fired missiles into the Sea of Japan,
prompting a threat of sanctions from Japanese Prime Minister
Shinzo Abe.

The Japanese currency declined against all 16 most-actively
traded currencies tracked by Bloomberg after Abe said his
country's patience ``isn't limitless'' and Japan retains the
option of further sanctions against its Asian neighbor. North
Korea's actions are a setback for the six-party talks aimed at
dismantling its nuclear program.


Read more at Bloomberg Currencies News

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