joint currency intervention

drcha · Mar 17, 2011

What shape will a "joint currency intervention" take? Do G-7 buy Japanese bonds, or...? I don't really understand this stuff. Thanks.

total_keops · Mar 17, 2011

Not sure of the details in this case but I think it looks like a call to dealers (Barclays, Goldman, BNP, Citi, ...) saying...
ECB: offer for 1 yard EURJPY... mine
BOC: offer for 500 CADJPY... mine
FED: offer for 2 yards USDJPY... mine
...

Roark · Mar 17, 2011

Obama will give a speech and then go play golf.

AKUMATOTENSHI · Mar 17, 2011

This one caught my attention. The outcome may not have the desired effect and appears reactionary. Where is the CNY in all this.

Akuma

joint currency intervention

drcha

total_keops

Roark

AKUMATOTENSHI