For the first time in over a decade, the G-7 engages in a joint intervention, selling yen and...

|By:, SA News Editor

For the first time in over a decade, the G-7 engages in a joint intervention, selling yen and buying dollars by the billions. Dollar/yen soars more than 3%, now at ¥81.48. Japanese shares rally, +2.7%. Premarket: FXY -4.1%, EWJ -0.5%.