DislikedPossibly something to look forward to, if done in one piece.
Japan Increases Its Borrowing Limit For FX Intervention
Reuters is reporting that Japan will look to increase the ceiling for JPY borrowing specifically for FX intervention by 5 trillion in 2011/12. This will give them ammunition in the order of 35 trillion JPY. Remember that Japan spent just over 2 trillion JPY on intervention on September 15th. There is a train of thought in the market that Japan will do something extra special early in 2011 to try and drive USD/JPY back towards...Ignored
those who can, do. those who cant, talk about those who can