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A Defining Week For Major Central Banks & Global Markets

Market Depth

CHAPTER

The Importance of Staying Out of Foreign Exchange Markets

Japan should be extremely embarrassed for having to do this okay especially on the currency side now here's the flip side of my rant okay I suppose that if you are going to make an adjustment to yield curve control then you would do it when the JGB yields aren't being pressed up against the upper bound as I always say. That is not how major currency pairs work foreign exchange has by nature another side to it another party a GBP side a USD side so act like the G7 currency that you are and stay the hell out of foreign exchange markets verbally and directly.

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