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Former BOJ official: Little possibility of intervention to curb strong yen

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Apr 6, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    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
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