Frank and the yen fell on the auctions in Asia

Against the background of conversations about what the monetary authorities in Switzerland and Japan will take active measures aimed at countering the growth of their national currencies, the yen and franc rent position against competitors in the Asian trading on Monday. "When there is a real threat of intervention, the players do not want to buy yen and svissi" - says the course is Magnus, executive director of currency trading of Nomura Holdings in Sydney. Yesterday on TV NHK Japanese Finance Minister said that the market remains extremely volatile. "In matters of foreign market exchange my position has not changed, I will continue to monitor the situation closely and take decisive action if necessary", - said Mr. Noda. At the same time, the publication SonntagsZeitung reported that Swiss National Bank may set the target value of franc to the euro in the near future. The talks focused on the role of government between the SNB and the Swiss government has already carried out