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Financial markets kept selling off overnight alongside falling yen because of the speculators selling off the yen loans.
Financiers are calculating their holdings of bank shares and pressure over global share markets still persists. The stress in world’s financial markets doesn’t seem to harm most economies at all. Currency intervention by the BOJ could come in handy for financial markets because the real economy seems to be doing just fine. The yen has gained almost 10% since 29th of January after the adoption of negative interest rates. Unfortunately the change will be disadvantageous after the BOJ printed trillions of dollars’ ... (read more)