multicurrency mortgages back in the news by the decision this morning G7 to intervene in the currency market for the first time in more than a decade to curb the yen's rise after the earthquake makes a week. Yen, who yesterday scored 106.44 per euro, currently trades around of the 115 units which is a momentary relief for mortgages in yen
between dawn yesterday and today, the euro has appreciated 8% against the yen since the maximum (115.24) and minimum ( 106.44). using a converter euro yen, this virtual debt relief is a yen-mortgaged by 8% (16,000 euros in 24 hours for a mortgage of 200,000 euros) and a reduction in the monthly fee equal percentage from one extreme to another
movement today but also planting hope in the mortgage in yen, that despite the surge in shares this morning are still paying 50% above the peak of a few years ago, when the euro / yen trading above the 165 units. However, given the precedents of previous intervention g7, all mortgaged yen will now more aware of developments in the euro yen in the hope of a soil
weekly chart of the euro yen.
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