FX Markets

Japanese intervention set to continue

  • LinkedIn  
  • Save this article
  • Print this page  

Market participants said this level of spending is set to continue as the Japanese government attempts to maintain a weaker yen to encourage the country's exports.

Mansoor Mohi-uddin, chief currency strategist at UBS in London, noted that the Bank of Japan came into the market selling ¥1 trillion of domestic currency on May 19, when the US dollar tested $1=¥115. When the rate drifted back up towards $1=¥120, intervention stopped. Intervention appeared to be connected to the speed of currency

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

Copyright Infopro Digital Limited. All rights reserved.

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]

Copyright Infopro Digital Limited. All rights reserved.

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]

To continue reading...

Follow Topics

Most read

  1. Regulators moot public utility to tackle settlement risk
  2. Bank FX teams eye slice of crypto derivatives action
  3. FCA move brings regulatory risk to use of hold times
  4. How many times should you test an algo?
  5. Argentine central bank orders foreign exchange sales

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: