Japan signals more FX action; Moody's doubts effect

August 8, 2011 –  By Kaori Kaneko and Tetsushi Kajimoto TOKYO (Reuters) - Japan on Monday signaled it was ready to continue intervening in the currency market in the wake of a G7 agreement to counter excessive exchange-rate moves, but Moody's Investors Service warned that Tokyo's efforts to weaken the yen were ineffective and negative for its sovereign ratings. Japan's solo currency intervention and monetary easing last

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