Financial Markets Take a Breath as Focus Turns to US and Asia

Financial markets declined on profit-taking on Monday as investors shifted focus from Europe to US and Asian economy. The Japanese government said it unilaterally intervenes the currency market to weaken the yen. Finance Minister Jun Azumi pledged to continue intervention until he's 'satisfied'. Asian investors were also hurt as they took Chinese Premier Wen Jiabao's comments on property market seriously. Wen last week said the government would 'firmly' maintain property curbs in addition to fine-tuning other economic policies at an appropriate time.

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Financial Markets Take a Breath as Focus Turns to US and Asia