• Short Summary

    The Tokyo Foreign Exchange market opened on Monday (19 March) after a two-week break.

    Contrary to?

  • Description

    The Tokyo Foreign Exchange market opened on Monday (19 March) after a two-week break.

    Contrary to predictions that recommencement would be hectic, trading was slow at first, and the United States dollar moved steadily - but slowly upwards.

    The Bank of Japan was intervening on a small scale. Dealers said this was apparently to prevent wide fluctuations in the market.

    When trading finished on the first day, the yen was traded quietly at 264.80 to the dollar, which was an effective revaluation of about 14 per cent against the dollar. By Tuesday (20 March) it had reached 17 per cent.

    Because of the time difference, Tokyo completed a day's trading before Western European markets resumed trading.

  • Tags

  • Data

    Film ID:
    VLVAABTY973VGSS33NFQKB9XL8NYN
    Media URN:
    VLVAABTY973VGSS33NFQKB9XL8NYN
    Group:
    Reuters - Source to be Verified
    Archive:
    Reuters
    Issue Date:
    20/03/1973
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Colour
    Duration:
    00:01:00:00
    Time in/Out:
    /
    Canister:
    N/A

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