Yen hits record-high against US dollar as Nikkei falls

Source : BBc News

The Japanese yen has hit its highest level against the US dollar since the end of the Second World War.

The yen climbed as high as 76.25 against the dollar in US trading on Wednesday. In Asia on Thursday, it was closer to 79.42.

Yen Sign

The Nikkei 225 index shed 2.7% to 8,845.49 on concerns about the impact of a strong yen on exporters’ profits.

G7 finance ministers have called a meeting on Thursday to discuss how to deal with global market volatility.

The G7 is a group of the world’s seven richest nations, including the US, Japan, the UK and China.

Analysts expect the ministers to give Japan the go ahead to intervene in currency markets to stabilise the yen.

“It seems inevitable that the yen will be part of a broader discussion on stabilizing global markets,” said Alan Ruskin of Deutsche Bank.

“It would be nothing short of amazing if they fail to at least make some veiled threat of intervention,” he added.

‘Nervous’

Japan’s Finance Minister Yoshihiko Noda declined to comment on whether or not Japan would step into the market but said he would keep an eye on developments.

“I will be closely watching market moves today,” he said.

The minister has blamed speculation for the yen’s surge.

“Market moves have been nervous amid speculation, while trade has been thin,” Mr Noda said.

Analysts have been blaming the strengthening of the yen on the repatriation of assets and foreign currency by Japanese insurance firms.

Cash injection

In an effort to ease market concerns and provide liquidity, Japan’s central bank pumped 5 trillion yen ($63bn; £39bn) into the banking system.

This is the fourth such injection of funds by the Bank of Japan, taking its total funds inflow to 31.5tn yen ($398bn).

Analysts say that given the current market situation and the strength of the yen, the central bank may now go a step further and intervene in markets to stem the currency’s rise.

“Apart from intervention, there isn’t much to stop this slide and the dollar doesn’t look like it’s coming back soon,” said Brian Dolan, chief strategist at Forex.com.

Xiao Tian Hacker Elegant And Beautiful

By Moh Qosim

Google said it would close its operations and is ready to resign from Chinese because hackers often attack these search engines. “The violent attack” that comes from Chinese to the Google infrastructure such statements comes from David Drummond, Senior Vice President, Corporate Development and Chief Legal Officer of Google.

Xiao Tian

And from the official Google blog on 12 January 2010 “The attacks made us decide to review the feasibility of our business operations in Chinese,” Drummond called. The growing community of hackers in Chinese, so Google choose retreat from Chinese. Community hacker in China more than 4 million people belonging to the hacker community, this data comes from july 2008.

The unique one is the hacker groups hacker woman community named Cn Girl Security Team.

A young woman named Xiao Tian, born 6 September 1989, Hunan is the chairman of this group. Usually looks like a teenage hacker who appear dull, thick glasses, ugly or not the hair neatly. They spend long hours in front of the computer.

Have you ever seen a woman with appear hacker elegant and beautiful, the leader of the group Xiao Tian China female hackers. Xiao Tan was a young woman was very beautiful very different from a hacker with a characteristic general hacker.

Xiao Tan has more than 2.200 members hackers women, if only to see the performance can not explain that he was a hacker. Xiao Tian said that he was forming a special group of women because they want to make room for teenage girls to participate in the world of hackers, and prove that women can be a great hacker. Slow but sure, Xiao Tian and his group began to color the world of hackers.