Archive | March 5, 2009

Japan inadvertently intervenes to soften yen

By on March 5, 2009 in Monetary policy, Yen

The Japanese yen (JPY) is still “relatively” strong, but it has weakened by a pretty significant amount against the US$, nearly 10 points, in recent weeks. With much buzz of yen intervention leading up to the recent softness, one would have thought the MoF ran out of patience and intervened. Well, in fact, it kind [...]

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