LOOSE CHANGE
LOOSE CHANGE
On the back of a reported dollar-buying spree by the Federal Reserve Bank against the yen in the interbank market, the yen futures contract made its biggest one-day move in the Chicago Mercantile Exchange's history August 19. Since the exchange imposed expanded limits last year, only the British pound had tested them. The yen contract was down as much as 470 ticks at one point. On the spot market, the dollar soared as much as 5.2 percent against the yen during the North American trading day
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