As analysts of Credit Suisse, SNB decision to establish a minimum rate of the euro / franc at Chf1.20 can greatly ease the task of Japanese politicians. They add that at a meeting of the Finance Ministry of G7, scheduled for Friday, to discuss and possibly covert support intervention in the currency of Japan. They believe that ministers may create favorable conditions for its implementation. According to bank employees, the most effective point of time for intervention is the strengthening of the euro / yen and dollar / yen. Currently, the euro / yen is trading at Y109.80. The current dollar / yen Y77.19.
