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[i]German Chancellor Angela Merkel and French President Nicolas Sarkozy said that Greece will not get the referendum before the next batch of aid. The bad news weighed on market sentiment, affected, risk aversion continues to heat up the market, weighing on the dollar / yen from 78.15 intraday high of slightly lower, hit 77.95 low. Then the European stock markets opened sharply lower after the rebound, G20 leaders pledged to work closely optimistic response to the debt crisis in Europe is expected to provide support for the...Ignored
the Japanese government basically has control in the United States and Japan 78.00 near the line, the market has gradually accepted the bottom line.
So this sentence in chinese means Japanese government will control U/J stay around 78.00 as their bottom line and the market kind of accept this bottom line.. in my opinion, that means they set a floor at 78.00
