Volatility rises ahead of G7 meeting
"There has been more volatility in the correlated market such as the dollar/yen," said Nick Beecroft, global head of FX trading at Standard Chartered in London. Dollar/yen had moved around between 102.40 and 103.75–80, particularly last Friday after comments from a Chinese central bank board member, Yu Yong Ding, at the World Economic Forum saying now was the time for China to revalue its currency.
The comment was later clarified by the People’s Bank of China as being Yu’s personal opinion and
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