The Dow Jones Industrials Average and Japanese Yen recently posted a dramatic intraday reversals, as CNBC reported that the Federal government may be willing to bail out AIG. Such rumors are thus far unsubstantiated, but news sources report that Federal officials are currently in talks with the insurance giant to keep it from increasingly certain failure. The dramatic reversal in stocks leaves the Japanese Yen trading significantly lower in its wake, and the USDJPY now trades near the psychologically significant 105.00 mark—a full 150 points off of intraday lows.
