Friday October 8, 2010 - 10:07:12 GMT
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Forex Market"Japan Forex Reserve refreshed the Record"Forex Market--The latest data released by the Ministry of Finance in Japan showed that by the end of September,
the forex reserve in Japan was $ 1,109,591,000,000; hit the new record in history.
Japan forex reserve increased continuously for four months in September.
The major reasons why the forex reserve increased were that the forex rate of JPY/USD soared in recent days
and hit the new record high for 15 years; the Japan government interposed in forex market with selling the JPY and buying USD.
In addition, the Euro capital that Japan held increased because of EUR/USD appreciation is also one of the reasons of forex reserve growth.
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