All Eyes On The Yen Getting Crushed As Bank Of Japan’s Ueda Makes His First International Appearance
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The Importance of Japan's Unilateral Intervention in the International Currency Markets
Japan's Ministry of Finance had decided to conduct one of two unilateral unilateral direct interventions into international currency markets. This occurred on Friday October 21st at around 10 30 a.m. Eastern time or shortly after midnight in Japan When dollar yen had just broke out into Fresh 30 year highs and then right at 151 98 just before it was about to hit 152 Again shortly after midnight Japan time that was once again Unilaterally Smackdown by the Ministry of Finance intervening into Directly into four exchange markets. The remarks that came out of Janet Yellen who happened to be visiting Tokyo shortly after this happened as well as the G20 gathering in DC shortly after that It was just silence Loud blaring deafening
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