Former BOJ Official: Little Possibility of Intervention to Curb Strong Yen
6 April 2016, 06:23
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Former BOJ Official: Little Possibility of Intervention to Curb Strong Yen
In an interview via Bloomberg on Wednesday, Tohru Sasaki, head of Japan
markets research at JPMorgan and a former official at the BOJ, said that
the BOJ intervention is less likely to restrict the recent yen’s appreciation.
Key Quotes:
Little possibility of intervention to curb strong yen
There are fundamental flows strengthening the yen
Intervention to counter it would be ineffective
It’s difficult for Japan to intervene ahead of the G7 meeting in May
(Market News Provided by FXstreet)
