Informed contacts have confirmed the existence of a report but there are still no other details other than what has already been mentioned. Recent trade has continued to see weakness in the JPY across the board.
14:47BST: Latest details say Japanese political parties have come to an agreement regarding the passing of a historic tax bill which will lead to the weakening in the JPY. Talk though still remains unconfirmed.
‘Market talk’ – Signifies information that has not been formally tested through traditional journalistic channels and therefore is to be treated as unsubstantiated. Any interpretation of the talk is taken at the readers own risk and is a representation of the rumours within the market place and never generated by ourselves.
Print 13:17, 20 Jun 2012 - FX Flows - Source: RANsquawk
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