Is the post-Plaza Accord era over?

- By FX Markets Staff
- @FXMarkets_
- 14 Nov 2005

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The yen real effective exchange rate fell to 108.7 in October, according to the Bank of Japan (BoJ), nearing the 106.3 level reached in April 1990 – the lowest since the signing of the Plaza Accord in September 1985.

The Plaza Accord was an agreeement signed on September 22, 1985 by the then G5 nations (France, West Germany, Japan, the US and the UK). The G5 agreed to devaluate the dollar in relation the the yen and German mark by intervening in currency markets.

In addition to the USD/JPY

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