MoneyTec.com Traders Community Forum - View Single Post

Wallace · 12-12-2003, 06:24

Hi Bearprofits, Cable, needed to correct my previous "... Buy intervention of the Yen by the Bank of Japan", tho I'm sure you understand that the BoJ is either buying US$ or selling Yen.

"Japan was thought to have thrown almost ¥18 trillion, or $168 billion, at the foreign-exchange markets this year in a bid to prevent a strengthening yen from choking off the country's export-led recovery." same same other currencies/exporters.

Point: that BoJ seems to be the only intervener, tho knowing when they are about to intervene is another matter. Wallace.

12-12-2003, 06:24	#6 (permalink)
Wallace level 3 Join Date: Jan 2003 Posts: 734 Rep Power: 0	Correction Hi Bearprofits, Cable, needed to correct my previous "... Buy intervention of the Yen by the Bank of Japan", tho I'm sure you understand that the BoJ is either buying US$ or selling Yen. "Japan was thought to have thrown almost ¥18 trillion, or $168 billion, at the foreign-exchange markets this year in a bid to prevent a strengthening yen from choking off the country's export-led recovery." same same other currencies/exporters. Point: that BoJ seems to be the only intervener, tho knowing when they are about to intervene is another matter. Wallace.