World stocks higher amid G7 pledge to restrain yen

Centralized intervention against the flow of capital never succeeds. The Yen, driven by devaluation (printing press), will weaken under the crippling weight of its enormous debt burden in time. A change in the trend is likely to occur at key cycle dates.

Asian markets posted gains and European shares were headed higher Friday as the yen retreated from historic highs after the world's seven leading industrial nations pledged to rein in the currency to help earthquake-stricken Japan.

The benchmark Nikkei 225 in Tokyo rose 2.7 percent to close at 9,206.75, capping a turbulent week that saw stocks lose 16 percent over Monday and Tuesday. Those were the first two trading days after Japan was struck by a mammoth earthquake and tsunami on March 11 that wiped out much of its industrial northeast and severely damaged a nuclear power plant that continues to leak low levels of radiation.

Source: finance.yahoo.com