The Bank of Japan must be praying for Greek gods to intervene. The yen is already back up close to levels that forced the Japanese central bank to wade into the market at the end of October last year. And, if Greek debt negotiations continue to drag on, market sentiment is likely to deteriorate, putting even more upward pressure on the yen. The dilemma that the Bank of Japan faces in trying to control the yen against market forces was demonstrated by new figures from the Ministry of Finance. These showed that the bank had to spend even more than it has in recent years, ¥8.07 trillion on October 31, to push the ... (full story)