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  • Japan's yen intervention official says will monitor FX including speculative movement

    From forexlive.com

    Japan's Finance Ministry's Vice Finance Minister for International Affairs Atsushi Mimura. He is the official who will instruct the BOJ to intervene, when he judges it necessary. Often referred to as Japan's 'top currency diplomat'. • Will monitor FX moves including speculative movement.

"He is the official who will instruct the BOJ to intervene, when he judges it necessary"


Now I'm just taking the p!ss here folks,

(and as a Yen trader I believe I am allowed to do this )

Okay, so this is what simple humour I was just thinking to myself reading this very short article above

........

"So now we have a face and a name of the Yen Intervention Czar,

I wonder whether the close friends, are all driving Corolla's
... or a Lexus "



very sorry Mr M,
just j/k
So after more than 700 pips of downward in Yen last week, now its time to intervention.
The early July intervention came as it is. Let's embrace ourselves.
SMSFx Return Today: na
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looks like the japanese government doesn't care for the welfare of it's citizens. Due to their weak currency, prices of goods have sky rocketed . This has reduced purchasing power for household goods. As long as their currency is weak, inflation will set in and thus prices of goods will sky rocket. How come they are so so ignorant of these facts?
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  • Story Stats
  • Posted: Oct 6, 2024 11:46pm
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 4  /  Views: 5,512

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