I think the level we are at now is more or less where the big intervention by the G7 team took place recently. The Japanese auto manufacturers are making noises to the govt about the Yen's position, and you would have to assume that they carry a lot of weight in Japan.
I don't see that the PA will go too much further south before BOJ (and G7 perhaps) will have to act. I'm not holding my breath though, but surely this can't continue for ever?!?!
I don't see that the PA will go too much further south before BOJ (and G7 perhaps) will have to act. I'm not holding my breath though, but surely this can't continue for ever?!?!
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