Bank of Japan Intervenes

[ASusilovic]

The Bank of Japan is suspected of having intervened in the FX markets to devlaue the Yen. The USDJPY pair has moved from 75.60 to 78.25 for now.

 

[maxpi]

Of course, if the yen stays where it is they will be importing stuff from the US and that's not cool for ethnocentric folk..

 

[spanish89]

How can they be ''suspected'' of doing it??


Either they did intervene or they didn't....

 

[ajcrshr]

AZUMI SAYS JAPAN INTERVENED IN THE CURRENCY MARKET
AZUMI SAYS YEN DOESN'T REFLECT FUNDAMENTALS AT ALL
INTERVENTION WAS DUE TO STRONG SIGNS OF SPECULATION
AZUMI: JAPAN WILL CONTINUE TO INTERVENE UNTIL HE'S SATISFIED

http://twitter.com/#!/zerohedge