Detailed text transcripts for TV channel - CNN - 20110318:09:54:00
Than a decade, the group of seven nations has agreed to intervene to help japan slow down the rise in the yen. take a look at what's been happening today with the dollar/yen movements. on this graph, the higher the line, the weaker the yen, and the yen, in fact, is weakening. you can see that there. i'm going to start this morning at around 5:00 a.m. at this point when the yen was trading at less than $78.9 per dollar. three hours later, look at this. this is the time of the g-7 announcement when the yen weakened sharply. and right now it's trading at about 81.45. this weakening of the yen is ...
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