Out at the peak

Wednesday, February 22, 2006

JPY gets some hopeful news, ISK not so much

Bloomberg reports that the bank of Japan might be ready to increase rates. We've seen this head fake before. One of these times, it will be real.

On another currency note, Icelandic Krona has been hit hard the last two days due to Fitch downgrading its outlook for the currency. Ouch!


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